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

Glencore plc (LON:GLEN) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,790.

GLEN has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 600 price target on shares of Glencore in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Glencore from GBX 500 to GBX 560 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 720 price objective on shares of Glencore in a report on Tuesday, June 9th. Citigroup boosted their target price on Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 780 target price on shares of Glencore in a report on Wednesday.

Glencore Trading Up 0.8%

Shares of GLEN opened at GBX 515.12 on Friday. 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’s 50-day moving average is GBX 564.94 and its two-hundred day moving average is GBX 519.86. Glencore has a twelve month low of GBX 275.20 and a twelve month high of GBX 707.20. The firm has a market capitalization of £60.35 billion, a P/E ratio of 171.71, a PEG ratio of 0.43 and a beta of 0.51.

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.