Berenberg Bank Reiterates “Hold” Rating for Glencore (LON:GLEN)

Glencore (LON:GLEN)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 350 price target on the natural resources company’s stock. Berenberg Bank’s price objective suggests a potential downside of 4.17% from the company’s current price.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 400 price target on shares of Glencore in a report on Friday, October 10th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 350 price target on shares of Glencore in a report on Monday, August 18th. Citigroup boosted their price target on Glencore from GBX 370 to GBX 380 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Glencore from GBX 400 to GBX 380 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Glencore presently has a consensus rating of “Moderate Buy” and an average price target of GBX 388.33.

Glencore Stock Down 0.0%

GLEN opened at GBX 365.22 on Thursday. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The stock has a market capitalization of £43.15 billion, a price-to-earnings ratio of -22.83, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The business has a 50-day moving average of GBX 327.09 and a two-hundred day moving average of GBX 299.36. Glencore has a 12 month low of GBX 205 and a 12 month high of GBX 418.80.

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.