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

Glencore (LON:GLEN)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 400 ($5.31) price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 33.63% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Glencore from GBX 380 ($5.04) to GBX 360 ($4.78) and set an “outperform” rating for the company in a research report on Wednesday, July 2nd. Berenberg Bank cut their target price on Glencore from GBX 380 ($5.04) to GBX 330 ($4.38) and set a “buy” rating on the stock in a research note on Thursday, July 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 388 ($5.15).

Glencore Stock Performance

LON GLEN opened at GBX 299.33 ($3.97) on Thursday. The company has a fifty day moving average price of GBX 295.93 and a 200-day moving average price of GBX 299.52. The firm has a market cap of £45.66 billion, a price-to-earnings ratio of -83.83, a PEG ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. Glencore has a 1 year low of GBX 205 ($2.72) and a 1 year high of GBX 438.80 ($5.82).

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.