Glencore plc (LON:GLEN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Glencore plc (LON:GLEN) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings 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 1 year target price among brokerages that have covered the stock in the last year is GBX 391.67.

GLEN has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 320 price objective on shares of Glencore in a research note on Wednesday, December 3rd. Berenberg Bank reissued a “hold” rating and issued a GBX 350 target price on shares of Glencore in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Glencore from GBX 400 to GBX 450 and gave the company a “neutral” rating in a report on Wednesday, December 3rd.

Glencore Trading Up 0.1%

Shares of GLEN opened at GBX 406.90 on Wednesday. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. Glencore has a 52-week low of GBX 205 and a 52-week high of GBX 408.90. The firm has a market cap of £47.75 billion, a price-to-earnings ratio of -25.43, a PEG ratio of 0.43 and a beta of 1.21. The business’s fifty day moving average is GBX 368.67 and its 200-day moving average is GBX 330.20.

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.