Royal Bank Of Canada Lowers Glencore (LON:GLEN) Price Target to GBX 360

Glencore (LON:GLEN) had its target price dropped by analysts at Royal Bank Of Canada from GBX 380 ($5.19) to GBX 360 ($4.91) in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the natural resources company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 17.69% from the company’s previous close.

Separately, Berenberg Bank lowered their price target on Glencore from GBX 400 ($5.46) to GBX 380 ($5.19) and set a “buy” rating for the company in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 410 ($5.60).

Glencore Price Performance

Shares of GLEN opened at GBX 305.90 ($4.18) on Wednesday. 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 company’s fifty day moving average price is GBX 275.40 and its 200-day moving average price is GBX 306.63. Glencore has a 1-year low of GBX 205 ($2.80) and a 1-year high of GBX 496.12 ($6.77). The firm has a market capitalization of £46.66 billion, a PE ratio of -85.67, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

About Glencore

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.