Glencore (LON:GLEN) Price Target Raised to GBX 540

Glencore (LON:GLEN) had its target price boosted by Royal Bank Of Canada from GBX 530 to GBX 540 in a report released on Wednesday, MarketBeat reports. The firm currently has an outperform rating on the natural resources company’s stock.

A number of other research firms also recently commented on GLEN. JPMorgan Chase & Co. boosted their price objective on shares of Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Berenberg Bank reiterated a “hold” rating and set a GBX 350 price target on shares of Glencore in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 428.33.

Glencore Price Performance

Shares of LON GLEN opened at GBX 475.25 on Wednesday. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. Glencore has a one year low of GBX 205 and a one year high of GBX 533.50. The firm has a market capitalization of £55.63 billion, a P/E ratio of -29.70, a PEG ratio of 0.43 and a beta of 1.21. The company’s fifty day moving average is GBX 434.85 and its two-hundred day moving average is GBX 364.29.

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.