Glencore (LON:GLEN) Given a GBX 575 Price Target by Deutsche Bank Aktiengesellschaft Analysts

Glencore (LON:GLENGet Rating) has been given a GBX 575 ($7.01) price target by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Borsen Zeitung reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 5.64% from the company’s previous close.

A number of other equities research analysts have also recently commented on GLEN. Barclays decreased their target price on shares of Glencore from GBX 680 ($8.28) to GBX 625 ($7.61) and set an “overweight” rating on the stock in a research note on Wednesday, December 7th. Royal Bank of Canada set a GBX 530 ($6.46) price objective on shares of Glencore in a research report on Wednesday, December 7th. The Goldman Sachs Group set a GBX 640 ($7.80) price objective on shares of Glencore in a research report on Wednesday, December 7th. UBS Group set a GBX 560 ($6.82) price objective on shares of Glencore in a research report on Wednesday, December 7th. Finally, JPMorgan Chase & Co. set a GBX 650 ($7.92) price objective on shares of Glencore in a research report on Wednesday, December 14th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Glencore has an average rating of “Buy” and a consensus price target of GBX 605.42 ($7.38).

Glencore Price Performance

LON GLEN opened at GBX 544.30 ($6.63) on Tuesday. Glencore has a 12 month low of GBX 5.07 ($0.06) and a 12 month high of GBX 571.90 ($6.97). The stock has a market cap of £69.75 billion and a price-to-earnings ratio of 550.62. The company’s 50 day moving average is GBX 535.70 and its two-hundred day moving average is GBX 492.79. The company has a current ratio of 1.24, a quick ratio of 0.32 and a debt-to-equity ratio of 70.19.

About Glencore

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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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Analyst Recommendations for Glencore (LON:GLEN)

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