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

Glencore plc (LON:GLEN) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 418.33.

A number of equities research analysts have recently commented on GLEN shares. Royal Bank Of Canada increased their target price on Glencore from GBX 430 to GBX 480 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Berenberg Bank reissued a “hold” rating and set a GBX 350 price objective on shares of Glencore in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective 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 Stock Performance

Shares of GLEN opened at GBX 483.03 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The stock has a market cap of £56.58 billion, a P/E ratio of -30.19, a P/E/G ratio of 0.43 and a beta of 1.21. The business’s 50 day moving average price is GBX 391.34 and its 200-day moving average price is GBX 344.21. Glencore has a 52 week low of GBX 205 and a 52 week 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.