Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Glencore (LON:GLEN)

Glencore (LON:GLEN)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a GBX 630 price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 9.24% from the stock’s previous close.

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

Glencore Stock Performance

Shares of GLEN opened at GBX 576.70 on Monday. The company has a debt-to-equity ratio of 108.47, a current ratio of 1.06 and a quick ratio of 0.32. The stock has a 50-day moving average of GBX 572.08 and a 200-day moving average of GBX 559.36. The company has a market cap of £67.69 billion, a PE ratio of 12.82, a P/E/G ratio of 0.43 and a beta of 0.51. Glencore has a one year low of GBX 332.20 and a one year high of GBX 633.90.

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.