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

Glencore (LON:GLEN)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday, MarketBeat.com reports. They currently have a GBX 630 price objective on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 9.85% from the company’s current price.

GLEN has been the topic of several other research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 600 price objective on shares of Glencore in a research note on Monday, July 27th. 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 report on Thursday, July 30th. Berenberg Bank lowered their target price on Glencore from GBX 750 to GBX 740 and set a “buy” rating for the company in a report on Friday, August 7th. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 price target on shares of Glencore in a research report on Monday, July 6th. Finally, Citigroup increased their price target on Glencore from GBX 770 to GBX 780 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 660.

Glencore Stock Performance

Shares of LON:GLEN opened at GBX 573.50 on Monday. The firm’s 50 day simple moving average is GBX 573.44 and its 200-day simple moving average is GBX 559.71. The company has a debt-to-equity ratio of 108.47, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a one year low of GBX 332.20 and a one year high of GBX 633.90. The firm has a market cap of £67.31 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51.

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.