Glencore plc (LON:GLEN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Glencore plc (LON:GLEN) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 388.33.

Several equities analysts have commented on GLEN shares. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 price target on shares of Glencore in a report on Monday, August 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 350 price objective on shares of Glencore in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Glencore from GBX 400 to GBX 380 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Citigroup boosted their target price on shares of Glencore from GBX 370 to GBX 380 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 400 price target on shares of Glencore in a report on Friday, October 10th.

Glencore Trading Up 0.9%

Shares of LON:GLEN opened at GBX 359.99 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. The stock has a market capitalization of £42.43 billion, a PE ratio of -22.50, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 1 year low of GBX 205 and a 1 year high of GBX 397.40. The firm has a fifty day moving average price of GBX 351.08 and a 200 day moving average price of GBX 313.22.

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.