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Glencore PLC (LON:GLEN)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Thursday. They currently have a GBX 400 ($6.71) target price on the stock. Deutsche Bank’s target price points to a potential upside of 9.44% from the stock’s previous close.

Shares of Glencore PLC (LON:GLEN) traded down 1.33% during mid-day trading on Thursday, hitting GBX 360.65. The stock had a trading volume of 23,496,408 shares. Glencore PLC has a 1-year low of GBX 289.85 and a 1-year high of GBX 379.45. The stock’s 50-day moving average is GBX 354.0 and its 200-day moving average is GBX 330.1. The company’s market cap is £47.323 billion.

A number of other analysts have also recently weighed in on GLEN. Analysts at Investec raised their price target on shares of Glencore PLC from GBX 319 ($5.35) to GBX 360 ($6.04) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Glencore PLC in a research note on Wednesday. They now have a GBX 300 ($5.03) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Glencore PLC in a research note on Monday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 365.56 ($6.13).

Glencore PLC, formerly Glencore Xstrata Plc, is a diversified natural resource company. The Company operates in three segments: Metals and Minerals, which includes copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore; Energy Products, which includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities, and Agricultural Products, which focuses on grains, oils/oilseeds, cotton and sugar.

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