Deutsche Bank Aktiengesellschaft Lowers Glencore (LON:GLEN) Price Target to GBX 380
Deutsche Bank Aktiengesellschaft has lowered its price target for Glencore (LON:GLEN) from GBX 400 ($5.37) to GBX 380 ($5.10) while maintaining a "buy" rating. This new target suggests a potential upside of 30.54% from the current price. Other analysts have also recently adjusted their targets, with a consensus rating of "Buy" and an average target price of GBX 384 ($5.16). Glencore's stock opened at GBX 291.11 ($3.91) and has a market cap of £44.41 billion.
Glencore (LON:GLEN - Get Free Report) had its price target decreased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 400 ($5.37) to GBX 380 ($5.10) in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a "buy" rating on the natural resources company's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 30.54% from the company's current price.
A number of other research analysts also recently weighed in on GLEN. Berenberg Bank increased their target price on shares of Glencore from GBX 330 ($4.43) to GBX 350 ($4.70) and gave the company a "buy" rating in a research report on Wednesday, July 30th. Citigroup upped their price objective on Glencore from GBX 350 ($4.70) to GBX 370 ($4.97) and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 350 ($4.70) target price on shares of Glencore in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Glencore has a consensus rating of "Buy" and an average target price of GBX 384 ($5.16).
Check Out Our Latest Analysis on GLEN
Glencore Price Performance
GLEN opened at GBX 291.11 ($3.91) on Tuesday. Glencore has a fifty-two week low of GBX 205 ($2.75) and a fifty-two week high of GBX 438.80 ($5.89). The firm has a 50-day moving average of GBX 297.69 and a 200 day moving average of GBX 294.94. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The firm has a market cap of £44.41 billion, a P/E ratio of -81.53, a PEG ratio of 0.43 and a beta of 1.21.
Glencore Company Profile
(Get Free Report)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.
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