Shares of Glencore PLC (LON:GLEN) have received a consensus rating of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 289.60 ($3.78).
GLEN has been the topic of a number of analyst reports. Deutsche Bank reduced their price target on Glencore from GBX 280 ($3.66) to GBX 270 ($3.53) and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Independent Research set a GBX 250 ($3.27) price target on Glencore and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Royal Bank of Canada reiterated a “sector performer” rating on shares of Glencore in a research report on Thursday, August 8th. Credit Suisse Group set a GBX 300 ($3.92) price target on Glencore and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 280 ($3.66) price target on shares of Glencore in a research report on Thursday, August 8th.
Shares of LON GLEN traded up GBX 0.65 ($0.01) during trading on Wednesday, reaching GBX 254.10 ($3.32). The company had a trading volume of 12,217,144 shares, compared to its average volume of 46,120,000. The company’s fifty day moving average price is GBX 242.22 and its 200-day moving average price is GBX 279.85. Glencore has a 12 month low of GBX 188.51 ($2.46) and a 12 month high of GBX 343.60 ($4.49). The stock has a market cap of $34.47 billion and a P/E ratio of 40.98. The company has a quick ratio of 0.39, a current ratio of 1.05 and a debt-to-equity ratio of 86.29.
Glencore Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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