Glencore (LON:GLEN) Given New GBX 560 Price Target at Deutsche Bank Aktiengesellschaft

Glencore (LON:GLEN – Get Rating) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 575 ($7.15) to GBX 560 ($6.96) in a report released on Monday, reports. The firm currently has a buy rating on the natural resources company’s stock.
Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group set a GBX 625 ($7.77) price objective on Glencore in a research note on Friday, February 17th. Royal Bank of Canada set a GBX 540 ($6.71) price target on shares of Glencore in a research note on Monday, April 3rd. Citigroup restated a buy rating and issued a GBX 650 ($8.08) price objective on shares of Glencore in a research note on Tuesday, February 21st. Jefferies Financial Group set a GBX 700 ($8.70) target price on shares of Glencore in a research note on Wednesday, February 15th. Finally, UBS Group upgraded Glencore to a buy rating and set a GBX 560 ($6.96) price target on the stock in a research report on Monday, March 20th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and an average target price of GBX 612.08 ($7.61).
Glencore Stock Up 4.1 %
Glencore stock opened at GBX 433.90 ($5.39) on Monday. The company has a market capitalization of £54.19 billion, a P/E ratio of 401.96, a PEG ratio of 0.43 and a beta of 1.26. The company has a debt-to-equity ratio of 64.96, a quick ratio of 0.32 and a current ratio of 1.30. Glencore has a fifty-two week low of GBX 395.40 ($4.92) and a fifty-two week high of GBX 584.50 ($7.27). The stock has a 50-day simple moving average of GBX 453.58 and a 200-day simple moving average of GBX 498.81.
About Glencore
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 oreferrochromevanadium, alumina, aluminum, tin, and iron ore.