Glencore plc (LON:GLEN – Get Rating) has received a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 567 ($7.13).
GLEN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated 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. restated an “overweight” rating on shares of Glencore in a research report on Tuesday, March 15th. Morgan Stanley restated an “overweight” rating on shares of Glencore in a research report on Wednesday, May 11th. Barclays increased their price objective on shares of Glencore from GBX 730 ($9.19) to GBX 770 ($9.69) and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 590 ($7.42) price objective on shares of Glencore in a research report on Wednesday, May 11th.
GLEN stock traded up GBX 7 ($0.09) during midday 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 stock’s 50-day moving average is GBX 498.76 and its 200 day moving average is GBX 435.64. The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11. The stock has a market cap of £69.25 billion and a P/E ratio of 17.78. Glencore has a 52-week low of GBX 289.65 ($3.64) and a 52-week high of GBX 540.20 ($6.80).
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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