Glencore (LON:GLEN) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Glencore (LON:GLEN)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday, MarketBeat.com reports. They currently have a GBX 630 price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 9.85% from the company’s current price.

GLEN has been the topic of a number of other research reports. Citigroup increased their price objective on Glencore from GBX 770 to GBX 780 and gave the company a “buy” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price target on Glencore from GBX 520 to GBX 510 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 600 price objective on shares of Glencore in a research report on Monday, July 27th. Jefferies Financial Group restated a “buy” rating and set a GBX 700 target price on shares of Glencore in a research note on Monday, July 6th. Finally, Berenberg Bank reduced their target price on shares of Glencore from GBX 750 to GBX 740 and set a “buy” rating on the stock in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 660.

Glencore Stock Up 0.7%

GLEN traded up GBX 4.20 during trading hours on Monday, hitting GBX 573.50. 18,107,424 shares of the company’s stock were exchanged, compared to its average volume of 41,970,035. The firm has a market cap of £67.31 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51. Glencore has a 12-month low of GBX 332.20 and a 12-month high of GBX 633.90. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 108.47. The firm has a 50 day moving average of GBX 572.08 and a 200 day moving average of GBX 559.36.

Glencore Company Profile

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.