Glencore’s (GLEN) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Glencore (LON:GLEN) in a report issued on Monday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 630 price objective on the natural resources company’s stock.

GLEN has been the subject of several other reports. Berenberg Bank dropped their target price on Glencore from GBX 750 to GBX 740 and set a “buy” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada reissued 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. lowered their price objective 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 price objective on shares of Glencore in a research note on Monday, July 6th. Finally, Citigroup lifted their price objective on shares of Glencore from GBX 770 to GBX 780 and gave the company a “buy” rating in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Glencore has an average rating of “Moderate Buy” and an average price target of GBX 660.

Glencore Price Performance

GLEN stock opened at GBX 568.90 on Monday. 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 company has a market capitalization of £66.71 billion, a PE ratio of 12.64, a P/E/G 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 business’s fifty day moving average price is GBX 574.41 and its 200 day moving average price is GBX 560.06.

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.