Analysts Set Glencore plc (LON:GLEN) Target Price at GBX 1,780

Glencore plc (LON:GLEN) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,773.33.

GLEN has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 target price on shares of Glencore in a research note on Monday, July 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 price objective on shares of Glencore in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Berenberg Bank lowered their price target on shares of Glencore from GBX 780 to GBX 750 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup boosted their target price on Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a research report on Thursday, June 4th.

Glencore Trading Up 4.2%

Shares of GLEN opened at GBX 573.90 on Wednesday. Glencore has a 12-month low of GBX 275.20 and a 12-month high of GBX 621.40. The firm has a market capitalization of £67.25 billion, a P/E ratio of 191.30, a P/E/G ratio of 0.43 and a beta of 0.51. The firm has a 50-day moving average price of GBX 544.91 and a 200 day moving average price of GBX 538.02. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 106.72.

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.