Glencore (LON:GLEN)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank in a report issued on Friday. They currently have a GBX 450 ($6.32) price target on the natural resources company’s stock. Deutsche Bank’s price objective suggests a potential upside of 17.57% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 470 ($6.60) price target on shares of Glencore in a report on Friday. Barclays reaffirmed an “overweight” rating and issued a GBX 450 ($6.32) price target on shares of Glencore in a report on Wednesday, January 24th. UBS Group set a GBX 380 ($5.34) price target on Glencore and gave the company a “neutral” rating in a report on Monday, January 22nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 445 ($6.25) price target on shares of Glencore in a report on Monday, January 22nd. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 300 ($4.21) price target on shares of Glencore in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 402.32 ($5.65).
Glencore (LON GLEN) opened at GBX 382.75 ($5.37) on Friday. The firm has a market capitalization of $54,810.00 and a P/E ratio of 3,827.50. Glencore has a 1 year low of GBX 270 ($3.79) and a 1 year high of GBX 416.91 ($5.85).
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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