Glencore (LON:GLEN – Get Rating) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 500 ($5.91) to GBX 560 ($6.62) in a report published on Wednesday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the natural resources company’s stock.
Several other analysts also recently issued reports on GLEN. set a GBX 560 ($6.62) price objective on shares of Glencore in a research note on Monday, August 1st. Credit Suisse Group set a GBX 750 ($8.87) price target on shares of Glencore in a research note on Monday, November 14th. The Goldman Sachs Group set a GBX 700 ($8.28) price target on shares of Glencore in a research note on Thursday, October 13th. Barclays reaffirmed an overweight rating and set a GBX 680 ($8.04) price target on shares of Glencore in a research note on Friday, November 11th. Finally, Royal Bank of Canada set a GBX 550 ($6.50) price objective on shares of Glencore in a report on Friday, October 28th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of GBX 601.54 ($7.11).
Shares of LON GLEN opened at GBX 533.31 ($6.31) on Wednesday. The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32. The company has a market cap of £69.05 billion and a P/E ratio of 530.30. Glencore has a 1 year low of GBX 346.40 ($4.10) and a 1 year high of GBX 548.50 ($6.49). The firm has a 50-day simple moving average of GBX 497.18 and a two-hundred day simple moving average of GBX 480.51.
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.
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