Glencore (LON:GLEN) Price Target Lowered to GBX 380 at Deutsche Bank Aktiengesellschaft

Glencore (LON:GLEN) had its target price dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 400 ($5.37) to GBX 380 ($5.10) in a report released on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 30.54% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Citigroup raised their price objective on shares of Glencore from GBX 350 ($4.70) to GBX 370 ($4.97) and gave the company a “buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 ($4.70) target price on shares of Glencore in a research note on Thursday, July 31st. Finally, Berenberg Bank boosted their price target on shares of Glencore from GBX 330 ($4.43) to GBX 350 ($4.70) and gave the company a “buy” rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 384 ($5.16).

Glencore Stock Down 0.7%

Shares of LON GLEN opened at GBX 291.11 ($3.91) on Tuesday. The business has a 50-day simple moving average of GBX 297.69 and a two-hundred day simple moving average of GBX 294.94. Glencore has a 52 week low of GBX 205 ($2.75) and a 52 week high of GBX 438.80 ($5.89). The company has a market cap of £44.41 billion, a P/E ratio of -81.53, a P/E/G ratio of 0.43 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14.

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.