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

Glencore (LON:GLENGet Rating)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 560 ($6.86) target price on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 20.96% from the stock’s previous close.

Several other analysts have also weighed in on the company. Royal Bank of Canada set a GBX 550 ($6.74) price objective on Glencore in a research note on Friday, July 29th. The Goldman Sachs Group set a GBX 600 ($7.35) price objective on Glencore in a research report on Monday. Barclays lowered their price objective on Glencore from GBX 770 ($9.44) to GBX 700 ($8.58) and set an “overweight” rating for the company in a research report on Friday, July 8th. Jefferies Financial Group set a GBX 650 ($7.96) target price on Glencore in a research note on Monday, June 20th. Finally, UBS Group set a GBX 540 ($6.62) target price on Glencore in a research note on Monday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 575.38 ($7.05).

Glencore Stock Performance

GLEN opened at GBX 462.95 ($5.67) on Monday. The firm has a market cap of £60.63 billion and a P/E ratio of 1,494.84. Glencore has a 52-week low of GBX 302.55 ($3.71) and a 52-week high of GBX 548.30 ($6.72). The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17. The business’s fifty day moving average is GBX 461.18 and its 200-day moving average is GBX 465.06.

About Glencore

(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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