Glencore (LON:GLEN) Given a GBX 550 Price Target at Royal Bank of Canada

Royal Bank of Canada set a GBX 550 ($6.68) price objective on Glencore (LON:GLENGet Rating) in a report issued on Tuesday, Borsen Zeitung reports.

Several other research analysts have also issued reports on the company. Morgan Stanley restated an overweight rating on shares of Glencore in a research report on Wednesday, May 11th. The Goldman Sachs Group set a GBX 710 ($8.62) price target on Glencore in a research report on Wednesday, June 8th. JPMorgan Chase & Co. set a GBX 630 ($7.65) price objective on Glencore in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 580 ($7.04) price objective on shares of Glencore in a research note on Thursday, May 26th. Finally, Barclays raised their price objective on Glencore from GBX 730 ($8.86) to GBX 770 ($9.35) and gave the stock an overweight rating in a research note on Wednesday, May 25th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Glencore has a consensus rating of Buy and an average target price of GBX 594.75 ($7.22).

LON:GLEN opened at GBX 483.30 ($5.87) on Tuesday. Glencore has a 12-month low of GBX 289.65 ($3.52) and a 12-month high of GBX 548.30 ($6.65). 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 firm has a market capitalization of £63.52 billion and a P/E ratio of 16.33. The stock’s fifty day simple moving average is GBX 503.25 and its 200-day simple moving average is GBX 448.93.

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.

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