Glencore (LON:GLEN) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Glencore (LON:GLEN) in a research report report published on Monday morning, Marketbeat reports. They currently have a GBX 630 target price on the natural resources company’s stock.

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

Glencore Stock Up 2.2%

Shares of GLEN opened at GBX 569.30 on Monday. Glencore has a 52 week low of GBX 332.20 and a 52 week high of GBX 633.90. The stock has a market capitalization of £66.82 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 108.47, a quick ratio of 0.32 and a current ratio of 1.06. The stock has a fifty day moving average of GBX 572.08 and a 200-day moving average of GBX 559.36.

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.