Brokerages Set Glencore plc (LON:GLEN) PT at GBX 567

Shares of Glencore plc (LON:GLENGet Rating) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 567 ($7.13).

GLEN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 580 ($7.30) target price on shares of Glencore in a research report on Thursday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Glencore in a research report on Tuesday, March 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 590 ($7.42) price objective on shares of Glencore in a research report on Wednesday, May 11th. Barclays lifted their price objective on shares of Glencore from GBX 730 ($9.19) to GBX 770 ($9.69) and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a research report on Wednesday, May 11th.

LON GLEN traded up GBX 7 ($0.09) during trading on Friday, reaching GBX 526.20 ($6.62). 22,581,893 shares of the company’s stock traded hands, compared to its average volume of 50,018,762. 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 has a market cap of £69.25 billion and a price-to-earnings ratio of 17.78. The company’s 50 day simple moving average is GBX 498.76 and its two-hundred day simple moving average is GBX 435.64. Glencore has a 12-month low of GBX 289.65 ($3.64) and a 12-month high of GBX 540.20 ($6.80).

Glencore Company Profile (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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