Deutsche Bank Aktiengesellschaft Lowers Glencore (LON:GLEN) Price Target to GBX 380

Glencore (LON:GLEN) had its target price trimmed by Deutsche Bank Aktiengesellschaft from GBX 400 ($5.40) to GBX 380 ($5.13) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the natural resources company’s stock.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 ($4.73) price objective on shares of Glencore in a report on Thursday, July 31st. Citigroup increased their target price on Glencore from GBX 350 ($4.73) to GBX 370 ($5.00) and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Berenberg Bank increased their target price on Glencore from GBX 330 ($4.46) to GBX 350 ($4.73) and gave the company a “buy” rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 384 ($5.18).

Glencore Price Performance

GLEN opened at GBX 294.80 ($3.98) on Tuesday. The stock has a 50-day moving average price of GBX 297.93 and a 200-day moving average price of GBX 294.94. Glencore has a 12-month low of GBX 205 ($2.77) and a 12-month high of GBX 438.80 ($5.92). The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. The stock has a market capitalization of £44.97 billion, a P/E ratio of -82.56, a PEG ratio of 0.43 and a beta of 1.21.

Glencore Company Profile

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.