Glencore (LON:GLEN) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Glencore (LON:GLEN)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Thursday, Marketbeat.com reports. They presently have a GBX 480 ($6.04) price objective on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 47.22% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Glencore from GBX 480 ($6.04) to GBX 440 ($5.54) and set an “outperform” rating for the company in a research report on Thursday. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($5.91) price objective for the company in a research note on Tuesday. Finally, Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 492.50 ($6.20).

Glencore Stock Down 0.5 %

Shares of GLEN stock traded down GBX 1.76 ($0.02) on Thursday, hitting GBX 326.04 ($4.10). The stock had a trading volume of 45,832,449 shares, compared to its average volume of 40,698,688. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. Glencore has a one year low of GBX 324.10 ($4.08) and a one year high of GBX 506.72 ($6.38). The business has a 50 day moving average price of GBX 359.31 and a 200 day moving average price of GBX 386.55. The company has a market cap of £49.73 billion, a PE ratio of -91.31, a P/E/G ratio of 0.43 and a beta of 1.21.

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.