Glencore (LON:GLEN) Given “Buy” Rating at Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Glencore (LON:GLEN) in a research note released on Monday, February 4th, MarketBeat.com reports. The firm currently has a GBX 390 ($5.10) price objective on the natural resources company’s stock.

Several other research firms have also issued reports on GLEN. Royal Bank of Canada set a GBX 350 ($4.57) price target on shares of Glencore and gave the company a buy rating in a research report on Friday, October 26th. Goldman Sachs Group set a GBX 350 ($4.57) price target on shares of Glencore and gave the company a buy rating in a research report on Friday, February 1st. Credit Suisse Group set a GBX 480 ($6.27) price target on shares of Glencore and gave the company a buy rating in a research report on Tuesday, December 11th. Citigroup lowered their price objective on shares of Glencore from GBX 400 ($5.23) to GBX 360 ($4.70) and set a buy rating for the company in a research note on Monday, December 10th. Finally, Barclays lowered their price objective on shares of Glencore from GBX 400 ($5.23) to GBX 370 ($4.83) and set an overweight rating for the company in a research note on Tuesday, December 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 359.31 ($4.70).

LON GLEN traded up GBX 0.45 ($0.01) during trading on Monday, hitting GBX 304.40 ($3.98). 32,857,845 shares of the company’s stock traded hands, compared to its average volume of 46,120,000. Glencore has a 12-month low of GBX 270 ($3.53) and a 12-month high of GBX 416.91 ($5.45).

The business also recently declared a dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be paid a $0.10 dividend. This represents a yield of 2.53%. The ex-dividend date is Thursday, September 5th.

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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