Deutsche Bank Reiterates Buy Rating for Glencore (LON:GLEN)

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Glencore (LON:GLEN)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, October 15th.

Several other brokerages also recently commented on GLEN. HSBC set a GBX 440 ($5.75) price objective on Glencore and gave the stock a “buy” rating in a research note on Wednesday, August 1st. UBS Group reaffirmed a “neutral” rating and issued a GBX 380 ($4.97) target price on shares of Glencore in a report on Tuesday, July 3rd. Credit Suisse Group set a GBX 480 ($6.27) target price on Glencore and gave the company a “buy” rating in a report on Tuesday, July 31st. Barclays set a GBX 450 ($5.88) target price on Glencore and gave the company a “buy” rating in a report on Wednesday, July 4th. Finally, Morgan Stanley upped their target price on Glencore from GBX 390 ($5.10) to GBX 400 ($5.23) and gave the company an “equal weight” rating in a report on Friday, June 29th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 393.57 ($5.14).

Shares of Glencore stock traded down GBX 14.10 ($0.18) on Monday, hitting GBX 303.90 ($3.97). 52,406,418 shares of the company’s stock traded hands, compared to its average volume of 46,120,000. Glencore has a one year low of GBX 270 ($3.53) and a one year high of GBX 416.91 ($5.45).

Glencore Company Profile

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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