Glencore plc (LON:GLEN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Glencore plc (LON:GLEN) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 660.

GLEN has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 target price on shares of Glencore in a report on Monday, July 27th. Berenberg Bank dropped their price target on Glencore from GBX 750 to GBX 740 and set a “buy” rating for the company in a research note on Friday, August 7th. Citigroup boosted their target price on Glencore from GBX 770 to GBX 780 and gave the stock a “buy” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their target price on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price target on shares of Glencore in a report on Monday, July 6th.

Glencore Stock Up 3.3%

Shares of LON GLEN opened at GBX 560.08 on Thursday. The stock has a market capitalization of £65.74 billion, a PE ratio of 12.45, a P/E/G ratio of 0.43 and a beta of 0.51. The company has a quick ratio of 0.32, a current ratio of 1.06 and a debt-to-equity ratio of 108.47. The firm has a fifty day moving average of GBX 566.15 and a 200-day moving average of GBX 556.97. Glencore has a 52-week low of GBX 312.90 and a 52-week high of GBX 633.90.

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.