Glencore (LON:GLEN – Get Rating) has been given a GBX 550 ($6.63) target price by equities research analysts at Royal Bank of Canada in a note issued to investors on Friday, Borsen Zeitung reports. Royal Bank of Canada’s price target would indicate a potential upside of 22.95% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group set a GBX 600 ($7.23) price objective on shares of Glencore in a research report on Thursday, July 14th. Jefferies Financial Group set a GBX 650 ($7.83) price objective on shares of Glencore in a research report on Monday, June 20th. Barclays dropped their target price on shares of Glencore from GBX 770 ($9.28) to GBX 700 ($8.43) and set an “overweight” rating on the stock in a research note on Friday, July 8th. UBS Group set a GBX 540 ($6.51) target price on shares of Glencore in a research note on Wednesday, July 6th. Finally, Credit Suisse Group set a GBX 560 ($6.75) target price on shares of Glencore in a research note on Wednesday, July 6th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 582.92 ($7.02).
Glencore Stock Down 0.4 %
GLEN stock traded down GBX 2.02 ($0.02) during trading on Friday, reaching GBX 447.33 ($5.39). The stock had a trading volume of 29,850,501 shares, compared to its average volume of 47,308,867. Glencore has a one year low of GBX 302.55 ($3.65) and a one year high of GBX 548.30 ($6.61). The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. The company’s 50 day moving average is GBX 467.04 and its two-hundred day moving average is GBX 463.20. The company has a market capitalization of £58.66 billion and a price-to-earnings ratio of 1,443.00.
Glencore Company Profile
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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