Glencore (LON:GLEN) Research Coverage Started at Berenberg Bank

Berenberg Bank began coverage on shares of Glencore (LON:GLEN) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued a buy rating and a GBX 380 ($4.93) target price on the natural resources company’s stock.

GLEN has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 480 ($6.22) price target on shares of Glencore in a research report on Thursday, February 20th. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price target on Glencore from GBX 480 ($6.22) to GBX 440 ($5.71) and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Morgan Stanley raised Glencore to an “overweight” rating and set a GBX 470 ($6.10) price target for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Glencore presently has an average rating of “Buy” and an average target price of GBX 476.43 ($6.18).

Glencore Stock Performance

Shares of LON GLEN opened at GBX 314.38 ($4.08) on Monday. The business’s 50-day moving average price is GBX 347.33 and its two-hundred day moving average price is GBX 376.31. 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 one year low of GBX 309.15 ($4.01) and a one year high of GBX 506.72 ($6.57). The company has a market capitalization of £47.96 billion, a P/E ratio of -88.05, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

About Glencore

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.