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

Glencore (LON:GLEN)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 480 ($6.06) price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 48.22% from the company’s previous close.

Several other analysts have also commented on GLEN. Royal Bank of Canada cut their target price on shares of Glencore from GBX 480 ($6.06) to GBX 440 ($5.56) and set an “outperform” rating for the company in a research note on Thursday. Citigroup reiterated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Finally, Morgan Stanley raised Glencore to an “overweight” rating and set a GBX 470 ($5.94) target price on the stock in a research report on Tuesday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 492.50 ($6.22).

Glencore Price Performance

LON GLEN opened at GBX 323.85 ($4.09) on Thursday. Glencore has a 12 month low of GBX 320.50 ($4.05) and a 12 month high of GBX 506.72 ($6.40). The firm has a market capitalization of £49.40 billion, a PE ratio of -90.70, a P/E/G ratio of 0.43 and a beta of 1.21. The company’s 50 day simple moving average is GBX 358.17 and its 200 day simple moving average is GBX 386.13. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32.

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.