Deutsche Bank Aktiengesellschaft Lowers Glencore (LON:GLEN) Price Target to GBX 380

Glencore (LON:GLEN - Get Free Report) had its price target decreased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 400 ($5.37) to GBX 380 ($5.10) in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a "buy" rating on the natural resources company's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 30.54% from the company's current price.A number of other research analysts also recently weighed in on GLEN. Berenberg Bank increased their target price on shares of Glencore from GBX 330 ($4.43) to GBX 350 ($4.70) and gave the company a "buy" rating in a research report on Wednesday, July 30th. Citigroup upped their price objective on Glencore from GBX 350 ($4.70) to GBX 370 ($4.97) and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 350 ($4.70) target price on shares of Glencore in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Glencore has a consensus rating of "Buy" and an average target price of GBX 384 ($5.16).Check Out Our Latest Analysis on GLENGlencore Price PerformanceGLEN opened at GBX 291.11 ($3.91) on Tuesday. Glencore has a fifty-two week low of GBX 205 ($2.75) and a fifty-two week high of GBX 438.80 ($5.89). The firm has a 50-day moving average of GBX 297.69 and a 200 day moving average of GBX 294.94. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The firm has a market cap of £44.41 billion, a P/E ratio of -81.53, a PEG ratio of 0.43 and a beta of 1.21. Glencore Company Profile (Get Free Report)Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.Featured ArticlesFive stocks we like better than GlencoreWhat is Short Interest? How to Use ItMNDY Stock Has a Case of the Mondays—Buy Before the ReboundHow to find penny stocks to invest and trade IPO Market Stays Hot With These 2 Debuting StocksHigh Flyers: 3 Natural Gas Stocks for March 2022Taiwan Semiconductor Stock: Own It, Don't Trade ItThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Glencore Right Now?Before you consider Glencore, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Glencore wasn't on the list.While Glencore currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here