Glencore plc (LON:GLEN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Glencore plc (LON:GLEN) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 428.33.

A number of analysts recently issued reports on the company. Royal Bank Of Canada lifted 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. Berenberg Bank reaffirmed a “hold” rating and set a GBX 350 price target on shares of Glencore in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased 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.

Glencore Stock Up 0.3%

Glencore stock opened at GBX 504.64 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore has a 1-year low of GBX 205 and a 1-year high of GBX 533.50. The company has a fifty day simple moving average of GBX 441.99 and a 200 day simple moving average of GBX 368.13. The company has a market cap of £59.07 billion, a P/E ratio of -31.54, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

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.