Glencore plc (LON:GLEN) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Glencore plc (LON:GLENGet Free Report) have been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 476.43 ($6.16).

Several brokerages have recently issued reports on GLEN. Royal Bank of Canada lowered their price objective on shares of Glencore from GBX 480 ($6.21) to GBX 440 ($5.69) and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 480 ($6.21) price objective on shares of Glencore in a research report on Thursday, February 20th. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Berenberg Bank assumed coverage on shares of Glencore in a research report on Monday, March 10th. They set a “buy” rating and a GBX 380 ($4.92) price objective on the stock. Finally, Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($6.08) price objective on the stock in a research report on Tuesday, February 18th.

Read Our Latest Stock Report on Glencore

Glencore Stock Performance

Shares of GLEN opened at GBX 320.75 ($4.15) on Friday. The firm’s 50 day moving average is GBX 345.51 and its 200-day moving average is GBX 375.25. The stock has a market capitalization of £48.93 billion, a P/E ratio of -89.83, a P/E/G ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. Glencore has a 12-month low of GBX 309.15 ($4.00) and a 12-month high of GBX 506.72 ($6.55).

Glencore Company Profile

(Get Free Report

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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Analyst Recommendations for Glencore (LON:GLEN)

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