Glencore plc (LON:GLEN) Receives GBX 1,790 Consensus Price Target from Brokerages

Glencore plc (LON:GLEN) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 1,780.

GLEN has been the topic of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 780 price target on shares of Glencore in a research report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of Glencore from GBX 560 to GBX 520 and set a “neutral” rating for the company in a report on Friday. Citigroup lifted their target price on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the company a “buy” rating in a research note on Thursday, June 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 700 price target on shares of Glencore in a research report on Monday, July 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 price target on shares of Glencore in a report on Thursday, July 2nd.

Glencore Price Performance

Shares of LON GLEN traded down GBX 0.43 during midday trading on Friday, reaching GBX 510.97. 35,626,461 shares of the company traded hands, compared to its average volume of 43,189,727. Glencore has a 12 month low of GBX 275.20 and a 12 month high of GBX 707.20. The company has a debt-to-equity ratio of 106.72, a quick ratio of 0.32 and a current ratio of 1.06. The stock’s 50-day simple moving average is GBX 560.14 and its 200-day simple moving average is GBX 524.27. The firm has a market cap of £59.88 billion, a PE ratio of 170.32, a PEG ratio of 0.43 and a beta of 0.51.

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.
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.