Glencore (LON:GLEN) Given Buy Rating at Deutsche Bank Aktiengesellschaft

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Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Glencore (LON:GLEN - Free Report) in a report released on Thursday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 400 ($5.31) price target on the natural resources company's stock.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank lowered their price target on Glencore from GBX 380 ($5.04) to GBX 330 ($4.38) and set a "buy" rating for the company in a report on Thursday, July 3rd. Royal Bank Of Canada lowered their price target on Glencore from GBX 380 ($5.04) to GBX 360 ($4.78) and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 388 ($5.15).

Glencore Stock Down 1.8%

LON GLEN traded down GBX 5.42 ($0.07) during trading on Thursday, hitting GBX 299.33 ($3.97). The company's stock had a trading volume of 32,457,016 shares, compared to its average volume of 46,576,789. 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 company has a market cap of £45.66 billion, a PE ratio of -83.83, a P/E/G ratio of 0.43 and a beta of 1.21. The business's 50 day simple moving average is GBX 295.93 and its 200-day simple moving average is GBX 299.52. Glencore has a fifty-two week low of GBX 205 ($2.72) and a fifty-two week high of GBX 438.80 ($5.82).

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.