Glencore (LON:GLEN) Price Target Raised to GBX 330

Glencore (LON:GLEN) had its price target boosted by Royal Bank Of Canada from GBX 300 to GBX 330 in a report issued on Monday, Marketbeat.com reports. They currently have an outperform rating on the natural resources company’s stock.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. increased their target price on 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 objective on shares of Glencore in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 393.33.

Glencore Trading Up 3.7%

Shares of LON:GLEN opened at GBX 500 on Monday. The business’s 50 day simple moving average is GBX 398.48 and its 200 day simple moving average is GBX 348.01. Glencore has a 1 year low of GBX 205 and a 1 year high of GBX 501.83. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The company has a market capitalization of £58.57 billion, a P/E ratio of -31.25, a P/E/G ratio of 0.43 and a beta of 1.21.

About Glencore

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.