Glencore (LON:GLEN)’s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a report issued on Thursday. They presently have a GBX 450 ($6.05) price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 12.21% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Barclays restated an “overweight” rating and issued a GBX 470 ($6.32) price objective on shares of Glencore in a research note on Wednesday. Royal Bank of Canada restated an “outperform” rating on shares of Glencore in a research note on Thursday. Citigroup reiterated a “buy” rating and set a GBX 470 ($6.32) price target on shares of Glencore in a research note on Friday, December 3rd. Liberum Capital reiterated a “buy” rating and set a GBX 425 ($5.71) price target on shares of Glencore in a research note on Thursday, January 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a GBX 448 ($6.02) price objective on shares of Glencore in a report on Wednesday, January 5th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 441.63 ($5.94).
Shares of Glencore stock opened at GBX 401.05 ($5.39) on Thursday. The company’s fifty day simple moving average is GBX 381.01 and its 200-day simple moving average is GBX 356.19. The company has a market cap of £52.92 billion and a price-to-earnings ratio of 36.53. The company has a current ratio of 1.08, a quick ratio of 0.32 and a debt-to-equity ratio of 100.60. Glencore has a 1 year low of GBX 245.69 ($3.30) and a 1 year high of GBX 423.30 ($5.69).
About Glencore
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
www.ferroalloynet.com
