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

Glencore plc (LON:GLEN) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 666.67.

A number of equities analysts have commented on GLEN shares. Citigroup boosted their target price on shares of Glencore from GBX 770 to GBX 780 and gave the stock a “buy” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price target on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 630 price objective on shares of Glencore in a research report on Monday, October 5th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 780 price target on shares of Glencore in a research report on Friday, October 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 600 price objective on shares of Glencore in a research report on Monday, July 27th.

Glencore Price Performance

Shares of GLEN stock opened at GBX 509.60 on Friday. Glencore has a 1-year low of GBX 332.20 and a 1-year high of GBX 633.90. The stock’s 50-day moving average is GBX 556.38 and its 200 day moving average is GBX 548.75. The company has a market cap of £59.70 billion, a P/E ratio of 11.32, a PEG ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 108.47, a current ratio of 1.06 and a quick ratio of 0.32.

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.