Glencore (GLEN) Given a GBX 450 Price Target by Royal Bank of Canada Analysts
Glencore (LON:GLEN) received a GBX 450 ($6.10) price objective from investment analysts at Royal Bank of Canada in a report released on Thursday. The firm currently has a “buy” rating on the natural resources company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 10.42% from the stock’s current price.
Several other brokerages also recently commented on GLEN. set a GBX 420 ($5.70) target price on Glencore and gave the company a “buy” rating in a report on Tuesday, October 3rd. Liberum Capital reiterated a “sell” rating and set a GBX 300 ($4.07) target price on shares of Glencore in a report on Monday, November 27th. UBS Group set a GBX 380 ($5.15) target price on Glencore and gave the company a “neutral” rating in a report on Tuesday, December 19th. Deutsche Bank reiterated a “buy” rating and set a GBX 430 ($5.83) target price on shares of Glencore in a report on Wednesday, December 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 445 ($6.03) target price on shares of Glencore in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 398.61 ($5.41).
Glencore (LON GLEN) traded up GBX 0.80 ($0.01) during trading on Thursday, hitting GBX 407.55 ($5.53). The stock had a trading volume of 48,618,914 shares, compared to its average volume of 34,680,000. The stock has a market cap of $58,530.00 and a P/E ratio of 3,705.00. Glencore has a 52 week low of GBX 270 ($3.66) and a 52 week high of GBX 411 ($5.57).
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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