Deutsche Bank Reiterates Buy Rating for Glencore (GLEN)

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Deutsche Bank restated their buy rating on shares of Glencore (LON:GLEN) in a report issued on Monday, February 4th, MarketBeat reports. Deutsche Bank currently has a GBX 390 ($5.10) price objective on the natural resources company’s stock.

Several other research analysts have also weighed in on the company. Royal Bank of Canada set a GBX 360 ($4.70) target price on Glencore and gave the stock a buy rating in a report on Friday, February 1st. Goldman Sachs Group set a GBX 350 ($4.57) target price on Glencore and gave the stock a buy rating in a report on Friday, February 1st. JPMorgan Chase & Co. lifted their target price on Glencore from GBX 370 ($4.83) to GBX 380 ($4.97) and gave the stock a neutral rating in a report on Thursday, January 31st. Liberum Capital reiterated a hold rating on shares of Glencore in a report on Tuesday, January 15th. Finally, UBS Group restated a neutral rating and issued a GBX 300 ($3.92) price target (down from GBX 360 ($4.70)) on shares of Glencore in a report on Friday, January 4th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 366.79 ($4.79).

GLEN stock opened at GBX 292.05 ($3.82) on Monday. Glencore has a 1-year low of GBX 270 ($3.53) and a 1-year high of GBX 416.91 ($5.45).

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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