Glencore (LON:GLEN) Stock Rating Reaffirmed by Deutsche Bank

Glencore (LON:GLEN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada raised shares of Glencore to an “outperform” rating and dropped their price objective for the company from GBX 310 ($4.05) to GBX 290 ($3.79) in a research note on Monday. Barclays reissued an “overweight” rating on shares of Glencore in a research report on Wednesday, November 27th. Bank of America restated a “neutral” rating on shares of Glencore in a report on Tuesday, October 8th. HSBC set a GBX 285 ($3.72) price target on shares of Glencore and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Credit Suisse Group lifted their price target on Glencore from GBX 275 ($3.59) to GBX 310 ($4.05) and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 283.25 ($3.70).

Shares of GLEN opened at GBX 213.20 ($2.79) on Wednesday. The business’s fifty day moving average is GBX 241.14 and its 200 day moving average is GBX 251.41. Glencore has a 12-month low of GBX 188.23 ($2.46) and a 12-month high of GBX 2,334.50 ($30.50). The company has a quick ratio of 0.39, a current ratio of 1.05 and a debt-to-equity ratio of 86.29. The stock has a market cap of $28.98 billion and a P/E ratio of 34.39.

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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