Berenberg Bank Lowers Glencore (LON:GLEN) Price Target to GBX 330

Glencore (LON:GLEN - Get Free Report) had its price objective lowered by equities research analysts at Berenberg Bank from GBX 380 ($5.19) to GBX 330 ($4.51) in a report released on Thursday,Digital Look reports. The firm presently has a "buy" rating on the natural resources company's stock. Berenberg Bank's target price suggests a potential upside of 7.37% from the company's previous close.

Separately, Royal Bank Of Canada reduced their target price on Glencore from GBX 380 ($5.19) to GBX 360 ($4.92) and set an "outperform" rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 410 ($5.60).

Glencore Trading Up 0.4%

Glencore stock traded up GBX 1.35 ($0.02) during midday trading on Thursday, reaching GBX 307.35 ($4.20). The stock had a trading volume of 491,282,594 shares, compared to its average volume of 51,659,031. Glencore has a twelve month low of GBX 205 ($2.80) and a twelve month high of GBX 496.12 ($6.77). The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The firm has a market cap of £46.88 billion, a price-to-earnings ratio of -86.08, a PEG ratio of 0.43 and a beta of 1.21. The firm's fifty day simple moving average is GBX 274.63 and its two-hundred day simple moving average is GBX 307.06.

Insider Buying and Selling at Glencore

In other Glencore news, insider Martin J. Gilbert bought 5,000 shares of Glencore stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 233 ($3.18) per share, with a total value of £11,650 ($15,908.78). Insiders own 10.35% of the company's stock.

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.

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