Glencore (LON:GLEN) Given New GBX 580 Price Target at Deutsche Bank Aktiengesellschaft

Glencore (LON:GLENGet Rating) had its price target decreased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 590 ($7.27) to GBX 580 ($7.15) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a “buy” rating on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 31.10% from the company’s previous close.

GLEN has been the subject of several other research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 425 ($5.24) price objective on shares of Glencore in a research report on Thursday, January 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 590 ($7.27) price target on shares of Glencore in a report on Wednesday. Barclays reissued an “overweight” rating and set a GBX 730 ($9.00) price objective on shares of Glencore in a report on Friday, April 29th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Glencore in a research report on Tuesday, March 15th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research report on Wednesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 556.86 ($6.87).

LON:GLEN opened at GBX 442.40 ($5.45) on Wednesday. The stock has a market capitalization of £58.22 billion and a P/E ratio of 15.25. The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11. Glencore has a 1 year low of GBX 289.65 ($3.57) and a 1 year high of GBX 540.20 ($6.66). The firm has a 50 day moving average of GBX 494 and a 200-day moving average of GBX 424.13.

Glencore Company Profile (Get Rating)

Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

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