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Glencore (LON:GLEN) Receives "Buy" Rating from Deutsche Bank Aktiengesellschaft

Glencore logo with Basic Materials background

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Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Glencore (LON:GLEN - Free Report) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 400 ($5.32) price objective on the natural resources company's stock.

A number of other research firms have also recently commented on GLEN. Berenberg Bank lowered their target price on shares of Glencore from GBX 380 ($5.05) to GBX 330 ($4.39) and set a "buy" rating for the company in a research note on Thursday, July 3rd. Royal Bank Of Canada decreased their price objective on shares of Glencore from GBX 380 ($5.05) to GBX 360 ($4.78) and set an "outperform" rating for the company in a research note on Wednesday, July 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 388 ($5.16).

Check Out Our Latest Stock Report on GLEN

Glencore Stock Down 0.1%

LON GLEN traded down GBX 0.33 ($0.00) during trading on Thursday, reaching GBX 299 ($3.97). 80,718,641 shares of the company's stock traded hands, compared to its average volume of 46,805,930. The company's 50 day simple moving average is GBX 295.93 and its two-hundred day simple moving average is GBX 298.54. 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 12-month low of GBX 205 ($2.72) and a 12-month high of GBX 438.80 ($5.83). The firm has a market cap of £45.61 billion, a price-to-earnings ratio of -83.74, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

About Glencore

(Get Free Report)

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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Analyst Recommendations for Glencore (LON:GLEN)

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