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

Glencore plc (LON:GLEN) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 1,755.

Several equities research analysts have issued reports on GLEN shares. JPMorgan Chase & Co. raised their price target on Glencore from GBX 500 to GBX 560 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Citigroup upped their price objective on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the company a “buy” rating in a report on Thursday, June 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 720 price objective on shares of Glencore in a research report on Tuesday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 630 target price on shares of Glencore in a research note on Friday, May 1st.

Glencore Stock Performance

Shares of LON GLEN traded down GBX 4.24 during midday trading on Tuesday, hitting GBX 584.36. 168,501,969 shares of the company’s stock were exchanged, compared to its average volume of 45,455,344. The company has a quick ratio of 0.32, a current ratio of 1.06 and a debt-to-equity ratio of 109.99. The firm has a market capitalization of £68.46 billion, a PE ratio of 194.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51. Glencore has a 12 month low of GBX 273.30 and a 12 month high of GBX 707.20. The company’s 50 day moving average price is GBX 569.06 and its 200 day moving average price is GBX 496.50.

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.