Glencore (LON:GLEN) Price Target Lowered to GBX 740 at Berenberg Bank

Glencore (LON:GLEN) had its target price cut by Berenberg Bank from GBX 750 to GBX 740 in a research report released on Friday, MarketBeat reports. They currently have a buy rating on the natural resources company’s stock.

Several other research firms have also recently issued reports on GLEN. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 700 price target on shares of Glencore in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 630 target price on shares of Glencore in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 600 price target on shares of Glencore in a research report on Monday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Citigroup increased their price objective on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the company a “buy” rating in a report on Thursday, June 4th. Five 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 company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,813.33.

Glencore Stock Down 1.6%

Shares of GLEN opened at GBX 557 on Friday. The firm has a market capitalization of £65.27 billion, a price-to-earnings ratio of 185.67, a PEG ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 106.72, a quick ratio of 0.32 and a current ratio of 1.06. The business’s fifty day moving average price is GBX 544.37 and its two-hundred day moving average price is GBX 539.22. Glencore has a 52 week low of GBX 281.93 and a 52 week high of GBX 621.40.

Key Glencore News

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Glencore reported a sharp increase in first-half revenue, helped by stronger commodity trading and copper performance. Coverage also highlighted a trading boom and record copper results, reinforcing the outlook for its marketing and metals businesses. Glencore Profit Jumps on Trading Boom and Record Copper Glencore reports 49% revenue rise in H1 2026
• Positive Sentiment: The company announced an additional $1 billion cash distribution, equivalent to $0.085 per ordinary share. The payout increases shareholder returns and follows reports that total distributions could reach approximately $1.5 billion. Glencore Announces Additional $1 Billion Cash Distribution to Shareholders
• Positive Sentiment: Glencore is considering a secondary listing in Australia to access the country’s substantial pension-fund assets and improve visibility with Australian investors. The move could support funding and its copper-growth strategy, although it may also add administrative complexity. Glencore Eyes Australian Listing to Support Copper Growth Strategy
• Positive Sentiment: Deutsche Bank reaffirmed its “buy” rating and set a GBX 630 price target, providing continued analyst support. Broker ratings
• Neutral Sentiment: Berenberg retained a “buy” rating but reduced its price target from GBX 750 to GBX 740, suggesting modestly lower valuation expectations despite a constructive view. Berenberg broker view
• Negative Sentiment: Glencore recorded a provision linked to Radiant World while saying its exposure is not material. The limited financial impact should reduce concern, but the issue adds an element of headline and execution risk. Glencore takes provision on Radiant World

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.