Glencore (LON:GLEN)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 450 ($5.88) target price on the natural resources company’s stock. Deutsche Bank’s price target points to a potential upside of 52.08% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Credit Suisse Group set a GBX 480 ($6.27) price objective on shares of Glencore and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Royal Bank of Canada set a GBX 400 ($5.23) target price on shares of Glencore and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Cfra set a GBX 410 ($5.36) target price on shares of Glencore and gave the stock a “buy” rating in a research report on Wednesday, August 1st. HSBC set a GBX 440 ($5.75) target price on shares of Glencore and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. set a GBX 550 ($7.19) target price on shares of Glencore and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 393.57 ($5.14).

Shares of LON:GLEN traded down GBX 1.60 ($0.02) during trading hours on Tuesday, hitting GBX 295.90 ($3.87). The company’s stock had a trading volume of 34,882,301 shares, compared to its average volume of 46,120,000. Glencore has a 52 week low of GBX 270 ($3.53) and a 52 week high of GBX 416.91 ($5.45).

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. 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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