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

Shares of Glencore plc (LON:GLEN) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,755.

A number of equities analysts recently weighed in on GLEN shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 720 target price on shares of Glencore in a research report on Tuesday. Citigroup raised their price target 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 630 price objective on shares of Glencore in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Glencore from GBX 500 to GBX 560 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th.

Glencore Trading Down 0.7%

LON:GLEN traded down GBX 4.24 on Tuesday, reaching GBX 584.36. The company’s stock had a trading volume of 168,501,969 shares, compared to its average volume of 45,455,344. Glencore has a 1-year low of GBX 273.30 and a 1-year high of GBX 707.20. The business’s 50-day moving average price is GBX 569.06 and its two-hundred day moving average price is GBX 496.50. The firm has a market cap of £68.46 billion, a PE ratio of 194.79, a PEG ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 109.99, a quick ratio of 0.32 and a current ratio of 1.06.

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.