Deutsche Bank Analysts Give Glencore (LON:GLEN) a GBX 300 Price Target

Deutsche Bank set a GBX 300 ($3.92) price target on Glencore (LON:GLEN) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the natural resources company’s stock.

A number of other brokerages also recently issued reports on GLEN. Liberum Capital reiterated a buy rating and issued a GBX 810 ($10.58) price target on shares of in a report on Wednesday, July 3rd. Barclays reiterated an underweight rating on shares of in a report on Thursday, July 4th. Morgan Stanley reiterated an overweight rating and issued a GBX 2,280 ($29.79) price target on shares of Anglo American in a report on Wednesday, May 8th. Goldman Sachs Group set a €14.15 ($16.45) price target on shares of Assicurazioni Generali and gave the company a sell rating in a report on Thursday, May 2nd. Finally, Credit Suisse Group set a $180.00 price target on shares of Accenture and gave the company a hold rating in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 334.94 ($4.38).

GLEN stock opened at GBX 272.25 ($3.56) on Tuesday. Glencore has a one year low of GBX 249.75 ($3.26) and a one year high of GBX 343.60 ($4.49). The firm has a market cap of $37.17 billion and a PE ratio of 11.34. The company has a debt-to-equity ratio of 77.26, a current ratio of 1.10 and a quick ratio of 0.38. The stock has a fifty day moving average price of GBX 269.70.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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