Glencore plc (LON:GLEN) Receives GBX 418.33 Consensus PT from Analysts

Glencore plc (LON:GLEN) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 393.33.

Several research analysts have recently weighed in on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 350 target price on shares of Glencore in a research report on Thursday, October 30th. Royal Bank Of Canada lifted their price objective on shares of Glencore from GBX 300 to GBX 330 and gave the stock an “outperform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Glencore from GBX 400 to GBX 450 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd.

Glencore Trading Down 0.3%

Shares of GLEN opened at GBX 479.50 on Friday. The business’s 50-day moving average price is GBX 395.93 and its 200 day moving average price is GBX 346.94. 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 stock has a market capitalization of £56.17 billion, a P/E ratio of -29.97, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 1-year low of GBX 205 and a 1-year high of GBX 501.44.

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.