Berenberg Bank Lowers Glencore (LON:GLEN) Price Target to GBX 740

Glencore (LON:GLEN) had its price objective lowered by equities researchers at Berenberg Bank from GBX 750 to GBX 740 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the natural resources company’s stock. Berenberg Bank’s price target indicates a potential upside of 31.92% from the company’s current price.

Several other equities analysts have also weighed in on GLEN. JPMorgan Chase & Co. dropped their price objective on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 630 price target on shares of Glencore in a research note on Thursday. Citigroup raised their price objective on Glencore from GBX 6,700 to GBX 7,700 and gave the company a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 target price on shares of Glencore in a research report on Monday, July 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 price target on shares of Glencore in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Glencore presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,813.33.

Glencore Stock Performance

LON:GLEN opened at GBX 560.97 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.06 and a debt-to-equity ratio of 106.72. Glencore has a twelve month low of GBX 281.93 and a twelve month high of GBX 621.40. The company has a fifty day moving average of GBX 544.60 and a 200-day moving average of GBX 539.09. The firm has a market capitalization of £65.73 billion, a P/E ratio of 186.99, a P/E/G ratio of 0.43 and a beta of 0.51.

Trending Headlines about Glencore

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Glencore reported a 49% increase in first-half 2026 revenue, with coverage also pointing to an earnings beat. The stronger results provide evidence of resilient performance across its commodities businesses. Glencore reports 49% revenue rise in H1 2026
• Positive Sentiment: The company announced an additional $1 billion cash distribution, equal to $0.085 per ordinary share, contributing to total shareholder payouts of roughly $1.5 billion. The distribution may support the stock’s income appeal. Glencore Announces Additional $1 Billion Cash Distribution
• Positive Sentiment: Deutsche Bank reaffirmed its “buy” rating and set a GBX 630 price target, implying further upside from the current trading range. Deutsche Bank broker rating
• Positive Sentiment: Glencore is considering a secondary Australian listing to access the country’s approximately US$3.1 trillion pension market and support its copper-growth strategy. The move could broaden its investor base, improve liquidity and strengthen access to capital, although it may take months to implement. Glencore eyes Australia listing
• Neutral Sentiment: Glencore took a provision related to Radiant World but said its exposure is not material, limiting the likely financial impact. Glencore Radiant World provision
• Negative Sentiment: Reports that Glencore suspended price-risk limits during war-driven disruption in oil markets highlight heightened commodity volatility and trading risk. That uncertainty may be offsetting the positive earnings and capital-return news. Glencore suspended price-risk limits

Glencore Company Profile

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.