Glencore plc (LON:GLEN – Get Free Report) has been given a consensus rating of “Buy” by the five brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 442.50 ($6.07).
Separately, Berenberg Bank cut their price target on shares of Glencore from GBX 400 ($5.49) to GBX 380 ($5.21) and set a “buy” rating for the company in a report on Wednesday, April 30th.
Read Our Latest Analysis on GLEN
Insider Buying and Selling at Glencore
Glencore Price Performance
LON:GLEN opened at GBX 287.54 ($3.95) on Tuesday. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The firm has a market cap of £43.86 billion, a price-to-earnings ratio of -80.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company has a 50 day moving average price of GBX 271.97 and a 200-day moving average price of GBX 309.60. Glencore has a 1-year low of GBX 205 ($2.81) and a 1-year high of GBX 496.12 ($6.81).
About Glencore
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.
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