Deutsche Bank Rese… Reiterates GBX 580 Price Target for Glencore (LON:GLEN)

Deutsche Bank Rese… set a GBX 580 ($7.10) price target on Glencore (LON:GLENGet Rating) in a research report released on Tuesday, Borsen Zeitung reports.

Several other analysts have also recently weighed in on GLEN. JPMorgan Chase & Co. reduced their price objective on shares of Glencore from GBX 650 ($7.96) to GBX 630 ($7.72) and set an overweight rating on the stock in a research note on Tuesday. Royal Bank of Canada set a GBX 550 ($6.74) price objective on shares of Glencore in a research note on Monday. UBS Group set a GBX 560 ($6.86) price objective on shares of Glencore in a research note on Monday. Jefferies Financial Group set a GBX 650 ($7.96) target price on shares of Glencore in a report on Monday. Finally, The Goldman Sachs Group set a GBX 745 ($9.13) target price on shares of Glencore in a report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of GBX 609.09 ($7.46).

Shares of Glencore stock opened at GBX 442.80 ($5.42) on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. Glencore has a twelve month low of GBX 290.96 ($3.56) and a twelve month high of GBX 548.30 ($6.72). The stock has a market cap of £58.19 billion and a price-to-earnings ratio of 14.61. The company’s fifty day moving average is GBX 495.29 and its 200 day moving average is GBX 453.53.

Glencore Company Profile (Get Rating)

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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