Glencore (LON:GLEN) Price Target Cut to GBX 740 by Analysts at Berenberg Bank

Glencore (LON:GLEN) had its price objective decreased by analysts at Berenberg Bank from GBX 750 to GBX 740 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the natural resources company’s stock. Berenberg Bank’s price target suggests a potential upside of 31.92% from the stock’s current price.

GLEN has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 price objective on shares of Glencore in a report on Monday, July 27th. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 target price on shares of Glencore in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 630 price target on shares of Glencore in a research note on Thursday. Finally, Citigroup boosted their price objective on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,813.33.

Glencore Stock Down 0.9%

Shares of GLEN opened at GBX 560.97 on Friday. The company has a debt-to-equity ratio of 106.72, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a 52 week low of GBX 281.93 and a 52 week high of GBX 621.40. The stock has a market capitalization of £65.73 billion, a price-to-earnings ratio of 186.99, a PEG ratio of 0.43 and a beta of 0.51. The stock has a fifty day moving average of GBX 544.60 and a 200-day moving average of GBX 539.09.

More Glencore News

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Glencore reported a 49% increase in first-half 2026 revenue, with coverage also pointing to an earnings beat. The stronger results provide evidence of resilient performance across its commodities businesses. Glencore reports 49% revenue rise in H1 2026
• Positive Sentiment: The company announced an additional $1 billion cash distribution, equal to $0.085 per ordinary share, contributing to total shareholder payouts of roughly $1.5 billion. The distribution may support the stock’s income appeal. Glencore Announces Additional $1 Billion Cash Distribution
• Positive Sentiment: Deutsche Bank reaffirmed its “buy” rating and set a GBX 630 price target, implying further upside from the current trading range. Deutsche Bank broker rating
• Positive Sentiment: Glencore is considering a secondary Australian listing to access the country’s approximately US$3.1 trillion pension market and support its copper-growth strategy. The move could broaden its investor base, improve liquidity and strengthen access to capital, although it may take months to implement. Glencore eyes Australia listing
• Neutral Sentiment: Glencore took a provision related to Radiant World but said its exposure is not material, limiting the likely financial impact. Glencore Radiant World provision
• Negative Sentiment: Reports that Glencore suspended price-risk limits during war-driven disruption in oil markets highlight heightened commodity volatility and trading risk. That uncertainty may be offsetting the positive earnings and capital-return news. Glencore suspended price-risk limits

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.