Deutsche Bank AG Reaffirms Buy Rating for Glencore PLC (GLEN)

Deutsche Bank AG restated their buy rating on shares of Glencore PLC (LON:GLEN) in a research note published on Thursday, MarketBeat Ratings reports. The brokerage currently has a GBX 430 ($5.66) price target on the natural resources company’s stock.

Several other research analysts have also recently issued reports on the company. Credit Suisse Group reissued an outperform rating on shares of Glencore PLC in a research note on Friday, July 21st. Macquarie reissued an outperform rating on shares of Glencore PLC in a research note on Wednesday, October 18th. Citigroup Inc. reissued a buy rating and issued a GBX 400 ($5.26) price objective on shares of Glencore PLC in a research note on Monday, October 9th. Liberum Capital cut Glencore PLC to a sell rating and increased their price objective for the stock from GBX 285 ($3.75) to GBX 300 ($3.95) in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada restated an outperform rating and set a GBX 410 ($5.39) target price on shares of Glencore PLC in a report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 382.83 ($5.04).

Shares of Glencore PLC (GLEN) traded up GBX 0.15 ($0.00) during trading hours on Thursday, reaching GBX 353.45 ($4.65). The company had a trading volume of 34,366,434 shares, compared to its average volume of 33,200,000. Glencore PLC has a 52 week low of GBX 258.45 ($3.40) and a 52 week high of GBX 388.25 ($5.11).

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About Glencore PLC

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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