Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Glencore (LON:GLEN)

Glencore (LON:GLEN)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, Marketbeat.com reports. They presently have a GBX 480 ($6.06) price target on the natural resources company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 48.22% from the company’s current price.

GLEN has been the subject of several other research reports. Morgan Stanley upgraded Glencore to an “overweight” rating and set a GBX 470 ($5.94) target price for the company in a research report on Tuesday. Royal Bank of Canada cut their price objective on Glencore from GBX 480 ($6.06) to GBX 440 ($5.56) and set an “outperform” rating for the company in a report on Thursday. Finally, Citigroup reaffirmed a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 492.50 ($6.22).

Glencore Stock Down 0.5 %

Shares of GLEN opened at GBX 323.85 ($4.09) on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The company has a 50-day moving average price of GBX 358.17 and a two-hundred day moving average price of GBX 386.13. The stock has a market cap of £49.40 billion, a price-to-earnings ratio of -90.70, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 12 month low of GBX 320.50 ($4.05) and a 12 month high of GBX 506.72 ($6.40).

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.