Glencore plc (LON:GLEN) Given Average Rating of “Moderate Buy” by Analysts

Glencore plc (LON:GLEN) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 418.33.

A number of research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Glencore from GBX 430 to GBX 480 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 price target on shares of Glencore in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd.

Glencore Price Performance

GLEN stock opened at GBX 483.03 on Friday. Glencore has a 1 year low of GBX 205 and a 1 year high of GBX 501.44. The company has a market cap of £56.58 billion, a P/E ratio of -30.19, a PEG ratio of 0.43 and a beta of 1.21. The firm has a 50-day moving average of GBX 391.34 and a 200 day moving average of GBX 344.21. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32.

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.