Glencore plc (LON:GLEN) Receives GBX 391.67 Consensus Target Price from Analysts

Glencore plc (LON:GLEN) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 391.67.

GLEN has been the topic of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 320 price target on shares of Glencore in a research report on Wednesday, December 3rd. Berenberg Bank reissued a “hold” rating and set a GBX 350 target price on shares of Glencore in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd.

Glencore Stock Up 1.3%

Shares of GLEN opened at GBX 399.55 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore has a 12 month low of GBX 205 and a 12 month high of GBX 400.65. The firm’s 50 day moving average is GBX 366.47 and its 200-day moving average is GBX 328.56. The stock has a market capitalization of £46.89 billion, a PE ratio of -24.97, a P/E/G ratio of 0.43 and a beta of 1.21.

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.