Glencore (LON:GLEN) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Glencore (LON:GLEN)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 630 price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 9.89% from the stock’s previous close.

A number of other brokerages have also recently commented on GLEN. Berenberg Bank decreased their price objective on Glencore from GBX 780 to GBX 750 and set a “buy” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 price objective on shares of Glencore in a research note on Monday, July 27th. Citigroup lifted their target price on Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price target on shares of Glencore in a report on Monday, July 6th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,815.

Glencore Price Performance

GLEN opened at GBX 573.30 on Thursday. The company has a fifty day moving average price of GBX 544.77 and a two-hundred day moving average price of GBX 538.51. The company has a debt-to-equity ratio of 106.72, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a 52 week low of GBX 275.20 and a 52 week high of GBX 621.40. The firm has a market capitalization of £67.18 billion, a PE ratio of 191.10, a P/E/G ratio of 0.43 and a beta of 0.51.

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.