Glencore (LON:GLEN – Get Rating) has been given a GBX 550 ($6.74) price target by analysts at Royal Bank of Canada in a report issued on Monday, Borsen Zeitung reports. Royal Bank of Canada’s price objective points to a potential upside of 23.25% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. Jefferies Financial Group set a GBX 650 ($7.96) price objective on shares of Glencore in a research note on Monday, June 20th. Deutsche Bank Rese… set a GBX 580 ($7.10) price objective on shares of Glencore in a research note on Tuesday, June 21st. UBS Group set a GBX 560 ($6.86) target price on shares of Glencore in a research report on Monday, June 20th. Barclays increased their target price on shares of Glencore from GBX 461 ($5.65) to GBX 770 ($9.43) and gave the company an “overweight” rating in a research report on Monday, June 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Glencore from GBX 650 ($7.96) to GBX 630 ($7.72) and set an “overweight” rating for the company in a research report on Tuesday, June 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Glencore has an average rating of “Buy” and an average target price of GBX 609.09 ($7.46).
LON GLEN opened at GBX 446.25 ($5.47) on Monday. The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17. The firm’s 50 day moving average price is GBX 493.68 and its 200-day moving average price is GBX 455.26. Glencore has a 52-week low of GBX 290.96 ($3.56) and a 52-week high of GBX 548.30 ($6.72). The company has a market cap of £58.65 billion and a PE ratio of 14.73.
Glencore Company Profile (Get Rating)
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.
www.ferroalloynet.com
