Glencore (LON:GLEN) Given A GBX 550 Price Target By Royal Bank Of Canada Analysts

Glencore (LON:GLEN – Get Rating) received a GBX 550 ($6.66) target price from stock analysts at Royal Bank of Canada in a report released on Friday, Borsen Zeitung reports. Royal Bank of Canada’s target price points to a potential upside of 27.51% from the company’s current price.
A number of other research firms have also weighed in on GLEN. Morgan Stanley set a GBX 740 ($8.96) price objective on Glencore in a research note on Thursday, June 23rd. Jefferies Financial Group set a GBX 650 ($7.87) price target on Glencore in a report on Monday, June 20th. Barclays increased their price objective on Glencore from GBX 461 ($5.58) to GBX 770 ($9.32) and gave the company an “overweight” rating in a report on Monday, June 20th. Credit Suisse Group set a GBX 560 ($6.78) target price on Glencore in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 580 ($7.02) price objective on shares of Glencore in a research report on Thursday, May 26th. Eight research analysts have rated the stock with a buy rating, According to data from, the stock currently has an average rating of “Buy” and an average target price of GBX 593.85 ($7.19).
Glencore stock opened at GBX 431.35 ($5.22) on Friday. The stock has a 50-day moving average price of GBX 482.29 and a 200 day moving average price of GBX 459.49. 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 company has a market capitalization of £56.56 billion and a price-to-earnings ratio of 1,391.45. Glencore has a 52 week low of GBX 290.96 ($3.52) and a 52 week high of GBX 548.30 ($6.64).
About Glencore (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.