Glencore (LON:GLEN) Price Target Cut to GBX 440 by Analysts at Royal Bank of Canada

Glencore (LON:GLEN) had its price objective reduced by Royal Bank of Canada from GBX 480 ($6.08) to GBX 440 ($5.58) in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have an outperform rating on the natural resources company’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($5.96) price target for the company in a research report on Tuesday. Citigroup reissued a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 492.50 ($6.24).

Glencore Price Performance

Shares of GLEN opened at GBX 321.95 ($4.08) on Thursday. Glencore has a 1-year low of GBX 321.85 ($4.08) and a 1-year high of GBX 506.72 ($6.42). The stock has a market cap of £49.11 billion, a PE ratio of -90.17, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The firm has a fifty day moving average price of GBX 359.31 and a 200 day moving average price of GBX 386.55.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.