Glencore plc (LON:GLEN) Stock Has Consensus Price Target of GBX 660

by · The Markets Daily

Shares of Glencore plc (LON:GLEN – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 660.

Several equities research analysts have recently issued reports on GLEN shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 600 price target on shares of Glencore in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 630 target price on shares of Glencore in a research note on Monday, October 5th. JPMorgan Chase & Co. lowered their price objective on Glencore from GBX 520 to GBX 510 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Berenberg Bank dropped their price objective 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. Finally, Citigroup lifted their target price on shares of Glencore from GBX 770 to GBX 780 and gave the stock a “buy” rating in a research note on Wednesday, August 12th.

Read Our Latest Research Report on GLEN

Glencore Price Performance

Shares of LON:GLEN opened at GBX 587.90 on Monday. The company’s 50-day moving average is GBX 577.93 and its 200 day moving average is GBX 562.45. The company has a debt-to-equity ratio of 108.47, a quick ratio of 0.32 and a current ratio of 1.06. The company has a market capitalization of £68.94 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51. Glencore has a fifty-two week low of GBX 332.20 and a fifty-two week high of GBX 633.90.

About Glencore

(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.

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