Glencore (LON:GLEN) Given New GBX 330 Price Target at Royal Bank Of Canada

Glencore (LON:GLEN) had its price objective raised by research analysts at Royal Bank Of Canada from GBX 300 to GBX 330 in a research report issued on Monday,Digital Look reports. The firm currently has an “outperform” rating on the natural resources company’s stock. Royal Bank Of Canada’s price target points to a potential downside of 31.52% from the stock’s previous close.

GLEN has been the topic of a number of other reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 350 price objective on shares of Glencore in a report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 393.33.

Glencore Stock Down 0.2%

Shares of LON:GLEN traded down GBX 1.17 during mid-day trading on Monday, hitting GBX 481.86. 19,247,686 shares of the company traded hands, compared to its average volume of 45,787,668. The stock has a 50-day moving average price of GBX 391.34 and a two-hundred day moving average price of GBX 344.48. Glencore has a 12-month low of GBX 205 and a 12-month high of GBX 501.44. The stock has a market cap of £56.45 billion, a P/E ratio of -30.12, a P/E/G ratio of 0.43 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14.

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.