Glencore plc (LON:GLEN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Glencore plc (LON:GLEN) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 388.33.

Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on Glencore from GBX 370 to GBX 380 and gave the company a “buy” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 400 target price on shares of Glencore in a research note on Friday, October 10th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 target price on shares of Glencore in a report on Monday, August 18th. Berenberg Bank reiterated a “hold” rating and set a GBX 350 target price on shares of Glencore in a report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Glencore from GBX 400 to GBX 380 and set a “buy” rating on the stock in a research note on Tuesday, August 12th.

Glencore Price Performance

Glencore stock opened at GBX 357.60 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. The company has a market cap of £42.14 billion, a price-to-earnings ratio of -22.35, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a 12 month low of GBX 205 and a 12 month high of GBX 414.65. The business’s 50 day simple moving average is GBX 333.25 and its 200 day simple moving average is GBX 303.12.

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.