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

Shares of Glencore plc (LON:GLEN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation 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 1,790.

A number of brokerages have recently commented on GLEN. JPMorgan Chase & Co. lifted their price target on shares of Glencore from GBX 500 to GBX 560 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 720 target price on shares of Glencore in a research report on Tuesday, June 9th. Citigroup lifted their target price on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 price target on shares of Glencore in a report on Thursday. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 780 price target on shares of Glencore in a research note on Wednesday.

Glencore Trading Up 0.8%

Shares of GLEN stock opened at GBX 515.12 on Friday. The company has a market capitalization of £60.35 billion, a price-to-earnings ratio of 171.71, a PEG ratio of 0.43 and a beta of 0.51. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 106.72. The firm has a 50-day moving average price of GBX 564.94 and a 200 day moving average price of GBX 519.86. Glencore has a twelve month low of GBX 275.20 and a twelve month high of GBX 707.20.

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.