Deutsche Bank Reiterates “Buy” Rating for Glencore (GLEN)

Deutsche Bank restated their buy rating on shares of Glencore (LON:GLEN) in a research note released on Thursday. Deutsche Bank currently has a GBX 450 ($5.83) target price on the natural resources company’s stock.

A number of other brokerages have also issued reports on GLEN. UBS Group reissued a neutral rating and set a GBX 380 ($4.92) price target on shares of Glencore in a research note on Thursday, June 7th. Credit Suisse Group set a GBX 480 ($6.21) price objective on Glencore and gave the stock a buy rating in a report on Thursday, June 7th. Goldman Sachs Group set a GBX 515 ($6.67) price objective on Glencore and gave the stock a buy rating in a report on Thursday, June 7th. JPMorgan Chase & Co. set a GBX 550 ($7.12) price objective on Glencore and gave the stock a buy rating in a report on Thursday, June 14th. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 410 ($5.31) price objective (down from GBX 410 ($5.31)) on shares of Glencore in a report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 426.56 ($5.52).

Shares of GLEN stock opened at GBX 321.15 ($4.16) on Thursday. Glencore has a 52-week low of GBX 270 ($3.50) and a 52-week high of GBX 416.91 ($5.40).

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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