Glencore (LON:GLEN) Receives Buy Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of Glencore (LON:GLEN) in a research note published on Friday, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently commented on GLEN. Barclays decreased their price objective on shares of Glencore from GBX 290 ($3.81) to GBX 285 ($3.75) and set an overweight rating on the stock in a report on Wednesday, January 15th. Societe Generale raised shares of Glencore to a buy rating and decreased their price objective for the stock from GBX 295 ($3.88) to GBX 260 ($3.42) in a report on Monday, December 16th. Credit Suisse Group decreased their price objective on shares of Glencore from GBX 310 ($4.08) to GBX 300 ($3.95) and set an outperform rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on shares of Glencore from GBX 250 ($3.29) to GBX 230 ($3.03) and set an underweight rating on the stock in a report on Tuesday, December 17th. Finally, UBS Group upgraded shares of Glencore to a buy rating and lifted their target price for the stock from GBX 250 ($3.29) to GBX 270 ($3.55) in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Glencore currently has an average rating of Buy and an average target price of GBX 272.31 ($3.58).

GLEN stock opened at GBX 241.80 ($3.18) on Friday. The company has a market cap of $32.20 billion and a P/E ratio of 39.00. Glencore has a 52 week low of GBX 188.23 ($2.48) and a 52 week high of GBX 2,334.50 ($30.71). The company’s 50-day moving average price is GBX 234.92 and its 200 day moving average price is GBX 243.69. The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 86.29.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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