Glencore (LON:GLEN) Earns “Outperform” Rating from Royal Bank Of Canada

Glencore (LON:GLEN)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research note issued on Thursday, MarketBeat.com reports. They presently have a GBX 350 ($4.65) price objective on the natural resources company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 16.93% from the company’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 400 ($5.31) price target on shares of Glencore in a report on Thursday. Citigroup lifted their price objective on shares of Glencore from GBX 350 ($4.65) to GBX 370 ($4.91) and gave the company a “buy” rating in a research report on Friday. Finally, Berenberg Bank upped their target price on shares of Glencore from GBX 330 ($4.38) to GBX 350 ($4.65) and gave the stock a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 388 ($5.15).

Glencore Price Performance

Shares of Glencore stock opened at GBX 299.33 ($3.97) on Thursday. The company has a market capitalization of £45.66 billion, a price-to-earnings ratio of -83.83, a PEG ratio of 0.43 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The stock’s 50-day simple moving average is GBX 295.93 and its 200-day simple moving average is GBX 299.52. Glencore has a 52 week low of GBX 205 ($2.72) and a 52 week high of GBX 438.80 ($5.82).

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.