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

Shares of Glencore plc (LON:GLEN) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 393.33.

A number of research analysts have issued reports on GLEN shares. Royal Bank Of Canada increased their target price on shares of Glencore from GBX 300 to GBX 330 and gave the company an “outperform” rating in a report on Monday. Berenberg Bank restated a “hold” rating and issued a GBX 350 price target on shares of Glencore in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on 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 496.34 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. Glencore has a 52-week low of GBX 205 and a 52-week high of GBX 501.90. The company has a 50-day simple moving average of GBX 400.93 and a 200-day simple moving average of GBX 349.04. The company has a market capitalization of £58.14 billion, a PE ratio of -31.02, a P/E/G ratio of 0.43 and a beta of 1.21.

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.