Glencore (LON:GLEN – Get Rating) has been assigned a GBX 560 ($6.86) price objective by Deutsche Bank Aktiengesellschaft in a research report issued on Monday, Borsen Zeitung reports. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 19.97% from the stock’s current price.
GLEN has been the topic of several other research reports. Royal Bank of Canada set a GBX 550 ($6.74) price target on shares of Glencore in a research report on Thursday. Barclays dropped their target price on shares of Glencore from GBX 770 ($9.44) to GBX 700 ($8.58) and set an “overweight” rating on the stock in a research note on Friday, July 8th. set a GBX 560 ($6.86) price objective on shares of Glencore in a research report on Monday, August 1st. Berenberg Bank lowered their price objective on shares of Glencore from GBX 580 ($7.11) to GBX 560 ($6.86) and set a “buy” rating on the stock in a research report on Tuesday, June 28th. Finally, The Goldman Sachs Group set a GBX 600 ($7.35) target price on shares of Glencore in a report on Monday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Glencore currently has a consensus rating of “Buy” and an average target price of GBX 576.15 ($7.06).
GLEN stock opened at GBX 466.80 ($5.72) on Monday. Glencore has a 12-month low of GBX 302.55 ($3.71) and a 12-month high of GBX 548.30 ($6.72). The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11. The firm’s 50-day moving average price is GBX 460 and its two-hundred day moving average price is GBX 466.12. The stock has a market capitalization of £61.13 billion and a price-to-earnings ratio of 1,505.81.
Glencore Company Profile
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
