Glencore plc (LON:GLEN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Glencore plc (LON:GLEN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 660.

Several equities analysts have recently commented on GLEN shares. Berenberg Bank lowered their target price on shares of Glencore from GBX 750 to GBX 740 and set a “buy” rating on the stock in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 630 target price on shares of Glencore in a research note on Thursday, August 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 700 price target on shares of Glencore in a report on Monday, July 6th. JPMorgan Chase & Co. decreased their price target on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup raised their price objective on Glencore from GBX 770 to GBX 780 and gave the company a “buy” rating in a research report on Wednesday, August 12th.

Get Glencore alerts:

View Our Latest Analysis on GLEN

Glencore Trading Up 2.2%

GLEN stock opened at GBX 597.30 on Friday. The company has a debt-to-equity ratio of 108.47, a current ratio of 1.06 and a quick ratio of 0.32. Glencore has a 1-year low of GBX 281.93 and a 1-year high of GBX 621.40. The business has a 50 day simple moving average of GBX 539.95 and a two-hundred day simple moving average of GBX 544.11. The company has a market capitalization of £69.99 billion, a price-to-earnings ratio of 199.10, a PEG ratio of 0.43 and a beta of 0.51.

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.
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.

Featured Stories

• Five stocks we like better than Glencore
• 2 Biotech Stocks Shaping Up for Major Breakouts
• 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
• 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
• Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.