Brokerages Set Glencore plc (LON:GLEN) PT at GBX 507

Glencore plc (LON:GLEN) has received an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 492.50 ($6.24).

Several research firms have weighed in on GLEN. Royal Bank of Canada lowered their price target on shares of Glencore from GBX 480 ($6.08) to GBX 440 ($5.58) and set an “outperform” rating on the stock in a report on Thursday, February 20th. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($5.96) price target on the stock in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 480 ($6.08) target price on shares of Glencore in a report on Thursday, February 20th. Finally, Citigroup reaffirmed a “top pick” rating on shares of Glencore in a report on Thursday, December 12th.

Glencore Stock Down 0.7 %

Glencore stock opened at GBX 315.60 ($4.00) on Wednesday. The stock has a market cap of £48.14 billion, a P/E ratio of -88.39, a P/E/G ratio of 0.43 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. Glencore has a twelve month low of GBX 311.30 ($3.95) and a twelve month high of GBX 506.72 ($6.42). The company’s 50-day moving average price is GBX 355.29 and its two-hundred day moving average price is GBX 383.36.

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.