Brokerages Set Glencore plc (LON:GLEN) Price Target at GBX 1,755

Glencore plc (LON:GLEN) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently 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 target among brokerages that have issued a report on the stock in the last year is GBX 1,755.

Several analysts have recently commented on GLEN shares. Jefferies Financial Group restated a “buy” rating and set a GBX 720 price objective on shares of Glencore in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on Glencore from GBX 500 to GBX 560 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Berenberg Bank reissued a “buy” rating and set a GBX 630 price target on shares of Glencore in a report on Friday, May 1st. Finally, Citigroup upped their price objective on Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a research note on Thursday, June 4th.

Glencore Price Performance

Shares of LON:GLEN opened at GBX 584.80 on Tuesday. The company has a debt-to-equity ratio of 109.99, a current ratio of 1.06 and a quick ratio of 0.32. Glencore has a 1-year low of GBX 273.30 and a 1-year high of GBX 707.20. The company has a market capitalization of £68.51 billion, a P/E ratio of 194.93, a P/E/G ratio of 0.43 and a beta of 0.51. The firm’s 50 day simple moving average is GBX 571.07 and its two-hundred day simple moving average is GBX 504.64.

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.