Glencore’s (GLEN) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Glencore (LON:GLEN) in a report released on Thursday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 480 ($6.08) target price on the natural resources company’s stock.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada lowered their price objective on shares of Glencore from GBX 480 ($6.08) to GBX 440 ($5.58) and set an “outperform” rating on the stock in a research note on Thursday. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($5.96) price objective on the stock in a research note on Tuesday. Finally, Citigroup reiterated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Glencore has an average rating of “Buy” and a consensus price target of GBX 492.50 ($6.24).

Glencore Stock Down 1.1 %

GLEN stock opened at GBX 321.95 ($4.08) on Thursday. The firm’s 50-day moving average is GBX 359.31 and its two-hundred day moving average is GBX 386.55. The company has a market capitalization of £49.11 billion, a price-to-earnings ratio of -90.17, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore has a 52 week low of GBX 321.85 ($4.08) and a 52 week high of GBX 506.72 ($6.42).

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.