Glencore plc (LON:GLEN) Receives Consensus Rating of “Buy” from Brokerages

Glencore plc (LON:GLENGet Rating) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 571.33 ($7.14).

A number of brokerages have recently weighed in on GLEN. Barclays restated an “overweight” rating and issued a GBX 730 ($9.12) target price on shares of Glencore in a research note on Friday. JPMorgan Chase & Co. restated an “overweight” rating on shares of Glencore in a research note on Tuesday, March 15th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 590 ($7.37) target price on shares of Glencore in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Glencore from GBX 580 ($7.25) to GBX 590 ($7.37) and gave the company a “buy” rating in a research note on Tuesday, April 5th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 425 ($5.31) price objective on shares of Glencore in a research note on Thursday, January 20th.

Shares of LON GLEN traded down GBX 14.70 ($0.18) during midday trading on Tuesday, reaching GBX 482.60 ($6.03). The company’s stock had a trading volume of 39,563,993 shares, compared to its average volume of 51,177,746. Glencore has a 12-month low of GBX 289.65 ($3.62) and a 12-month high of GBX 540.20 ($6.75). The firm has a 50 day moving average price of GBX 489.55 and a 200-day moving average price of GBX 419.38. The stock has a market capitalization of £63.56 billion and a P/E ratio of 16.36. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.17 and a quick ratio of 0.32.

The firm also recently announced a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 1st. This represents a yield of 2.24%. Glencore’s payout ratio is 0.41%.

About Glencore (Get Rating)

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 ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

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