Glencore plc (GLEN.L) – What Are Brokerages Thinking About This Stock?

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

Several analysts have recently issued reports on GLEN shares. Berenberg Bank reduced their price objective on Glencore from GBX 750 to GBX 740 and set a “buy” rating on the stock in a research report on Friday, August 7th. Citigroup lifted their price objective on Glencore from GBX 770 to GBX 780 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 600 target price on shares of Glencore in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 630 target price on shares of Glencore in a research note on Monday, October 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 700 target price on shares of Glencore in a report on Monday, July 6th.

Glencore Stock Performance

Shares of LON:GLEN opened at GBX 579 on Monday. Glencore has a 1 year low of GBX 332.20 and a 1 year high of GBX 633.90. The company has a debt-to-equity ratio of 108.47, a current ratio of 1.06 and a quick ratio of 0.32. The business’s 50 day moving average price is GBX 577.93 and its 200-day moving average price is GBX 562.38. The firm has a market capitalization of £67.89 billion, a PE ratio of 12.87, a P/E/G ratio of 0.43 and a beta of 0.51.

About Glencore

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.