Brokerages Set Glencore plc (LON:GLEN) Target Price at GBX 391.67

Shares of Glencore plc (LON:GLEN) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 391.67.

A number of research analysts have weighed in on GLEN shares. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 320 target price on shares of Glencore in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their price objective on Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 350 price objective on shares of Glencore in a research note on Thursday, October 30th.

Glencore Stock Performance

GLEN opened at GBX 394.30 on Wednesday. The firm has a market capitalization of £46.27 billion, a PE ratio of -24.64, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a twelve month low of GBX 205 and a twelve month high of GBX 398.80. The firm’s 50-day moving average price is GBX 366.47 and its 200 day moving average price is GBX 328.02. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14.

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.