Berenberg Bank Raises Glencore (LON:GLEN) Price Target to GBX 350

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Glencore (LON:GLEN - Free Report) had its price objective upped by Berenberg Bank from GBX 330 ($4.39) to GBX 350 ($4.65) in a research report released on Wednesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the natural resources company's stock.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 400 ($5.32) target price on shares of Glencore in a report on Thursday. Royal Bank Of Canada cut their price target on 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 388 ($5.16).

Glencore Stock Down 0.1%

LON:GLEN traded down GBX 0.33 ($0.00) during mid-day trading on Wednesday, hitting GBX 299 ($3.97). The stock had a trading volume of 80,718,641 shares, compared to its average volume of 46,805,930. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore has a twelve month low of GBX 205 ($2.72) and a twelve month high of GBX 438.80 ($5.83). The stock has a 50-day simple moving average of GBX 295.93 and a two-hundred day simple moving average of GBX 298.54. The company has a market capitalization of £45.61 billion, a PE ratio of -83.74, a PEG ratio of 0.43 and a beta of 1.21.

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.