Glencore (LON:GLEN) Given A GBX 520 Price Target By Royal Bank Of Canada Analysts
Royal Bank of Canada set a GBX 520 ($6.42) price target on Glencore (LON:GLEN – Get Rating) in a report issued on Wednesday, Borsen Zeitung reports.
A number of other research analysts have also recently commented on the company. The Goldman Sachs Group set a GBX 640 ($7.90) price target on Glencore in a report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft set a GBX 575 ($7.10) price target on Glencore in a report on Tuesday, January 10th. Jefferies Financial Group set a GBX 700 ($8.65) price target on Glencore in a report on Friday, January 6th. Citigroup reaffirmed a top pick rating on shares of Glencore in a research note on Monday, January 16th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 700 ($8.65) price objective on shares of Glencore in a research note on Wednesday, January 4th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and an average price target of GBX 618.64 ($7.64).
Glencore Stock Up 0.1 %
LON GLEN opened at GBX 543.30 ($6.71) on Wednesday. The stock’s 50 day moving average is GBX 548.67 and its 200 day moving average is GBX 506.59. The company has a current ratio of 1.24, a quick ratio of 0.32 and a debt-to-equity ratio of 70.19. Glencore has a 12 month low of GBX 5.07 ($0.06) and a 12 month high of GBX 584.50 ($7.22). The stock has a market cap of £69.63 billion and a PE ratio of 559.28.
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.
www.ferroalloynet.com
