Brokerages Set Glencore plc (LON:GLEN) Price Target at GBX 428.33

Glencore plc (LON:GLEN) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 428.33.

GLEN has been the topic of a number of analyst reports. Royal Bank Of Canada raised their target price on Glencore from GBX 530 to GBX 540 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price objective on Glencore from GBX 400 to GBX 450 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 350 price objective on shares of Glencore in a research report on Thursday, October 30th.

Glencore Stock Performance

Shares of GLEN stock opened at GBX 494.56 on Thursday. Glencore has a 12-month low of GBX 4.94 and a 12-month high of GBX 533.50. 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 business’s fifty day simple moving average is GBX 446.82 and its 200-day simple moving average is GBX 370.78. The company has a market cap of £57.89 billion, a PE ratio of -30.91, a PEG ratio of 0.43 and a beta of 1.21.

About Glencore

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.