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

Glencore (LON:GLEN)‘s stock had its “buy” rating reissued by stock 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 target price suggests a potential upside of 10.74% from the stock’s previous close.

GLEN has been the topic of several other reports. Citigroup lifted 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. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 600 price target on shares of Glencore in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price target on Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a report on Thursday, July 30th. 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 note on Friday, August 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 price objective on shares of Glencore in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 660.

Glencore Stock Performance

LON:GLEN opened at GBX 568.90 on Monday. The stock has a 50-day moving average price of GBX 574.41 and a 200 day moving average price of GBX 560.06. The stock has a market capitalization of £66.71 billion, a P/E 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 company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 108.47.

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.