Glencore (LON:GLEN – Get Rating) has been assigned a GBX 550 ($6.74) price objective by equities research analysts at Royal Bank of Canada in a research note issued on Thursday, Borsen Zeitung reports. Royal Bank of Canada’s price objective suggests a potential upside of 23.30% from the stock’s current price.
A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. set a GBX 620 ($7.60) target price on Glencore in a report on Monday. set a GBX 560 ($6.86) target price on Glencore in a report on Monday. Barclays reduced their target price on Glencore from GBX 770 ($9.44) to GBX 700 ($8.58) and set an “overweight” rating on the stock in a report on Friday, July 8th. Credit Suisse Group set a GBX 560 ($6.86) target price on Glencore in a report on Wednesday, July 6th. Finally, The Goldman Sachs Group set a GBX 600 ($7.35) price target on Glencore in a report on Monday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Glencore presently has a consensus rating of “Buy” and an average target price of GBX 579.62 ($7.10).
Glencore Stock Performance
Shares of GLEN stock opened at GBX 446.05 ($5.47) on Thursday. The stock has a fifty day moving average price of GBX 462.37 and a 200 day moving average price of GBX 464.72. The stock has a market cap of £58.49 billion and a PE ratio of 1,438.87. Glencore has a 1 year low of GBX 302.55 ($3.71) and a 1 year high of GBX 548.30 ($6.72). The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17.
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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