Glencore (LON:GLEN) Rating Reiterated By Royal Bank Of Canada
Royal Bank of Canada reissued their outperform rating on shares of Glencore (LON:GLEN) in a report released on Thursday morning.
GLEN has been the topic of a number of other reports. Barclays reissued an overweight rating and set a GBX 470 ($6.32) price target on shares of Glencore in a research report on Wednesday, February 2nd. Morgan Stanley reissued an overweight rating and set a GBX 448 ($6.02) price target on shares of Glencore in a research report on Wednesday, January 5th. Citigroup reissued a buy rating and set a GBX 470 ($6.32) price target on shares of Glencore in a research report on Friday, December 3rd. Liberum Capital reissued a buy rating and set a GBX 425 ($5.71) price target on shares of Glencore in a research report on Thursday, January 20th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 420 ($5.65) price objective on shares of Glencore in a report on Friday, December 3rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average target price of GBX 441.63 ($5.94).
Shares of GLEN stock opened at GBX 402.25 ($5.41) on Thursday. The firm’s 50 day moving average price is GBX 382.57 and its two-hundred day moving average price is GBX 357.40. The stock has a market cap of £53.05 billion and a PE ratio of 36.57. Glencore has a 52-week low of GBX 246.79 ($3.32) and a 52-week high of GBX 423.30 ($5.69). The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.32 and a current ratio of 1.08.
About Glencore
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
