Glencore’s (GLEN) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Glencore (LON:GLEN) in a research note published on Monday morning, MarketBeat.com reports. The firm currently has a GBX 350 price objective on the natural resources company’s stock.

Several other research analysts have also commented on GLEN. Berenberg Bank raised their price target on shares of Glencore from GBX 330 to GBX 350 and gave the company a “buy” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Glencore from GBX 400 to GBX 380 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Finally, Citigroup raised their price target on shares of Glencore from GBX 370 to GBX 380 and gave the company a “buy” rating in a report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 386.

Glencore Trading Down 0.1%

Shares of GLEN stock opened at GBX 291.70 on Monday. The firm has a market cap of £44.50 billion, a P/E ratio of -81.69, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a 1-year low of GBX 205 and a 1-year high of GBX 438.80. 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’s 50-day simple moving average is GBX 298.62 and its 200-day simple moving average is GBX 292.94.

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.