Glencore (LON:GLEN) Given A GBX 560 Price Target By Deutsche Bank Aktiengesellschaft Analysts

Deutsche Bank Aktiengesellschaft set a GBX 560 ($6.86) price target on Glencore (LON:GLEN – Get Rating) in a research note published on Monday, Borsen Zeitung reports.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group set a GBX 560 ($6.86) price target on shares of Glencore in a report on Wednesday, July 6th. Berenberg Bank reduced their price target on shares of Glencore from GBX 580 ($7.11) to GBX 560 ($6.86) and set a buy rating for the company in a report on Tuesday, June 28th. set a GBX 560 ($6.86) price target on shares of Glencore in a report on Monday. Morgan Stanley set a GBX 740 ($9.07) price target on shares of Glencore in a report on Thursday, June 23rd. Finally, UBS Group set a GBX 540 ($6.62) price target on shares of Glencore in a report on Monday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average price target of GBX 579.62 ($7.10).

Glencore stock opened at GBX 458 ($5.61) on Monday. The stock has a market cap of £60.06 billion and a price-to-earnings ratio of 1,486.13. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.17 and a quick ratio of 0.32. Glencore has a 1 year low of GBX 302.55 ($3.71) and a 1 year high of GBX 548.30 ($6.72). The firm has a 50-day moving average of GBX 465.29 and a two-hundred day moving average of GBX 464.97.

Glencore Company Profile

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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