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

Shares of Glencore plc (LON:GLEN) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 660.

GLEN has been the topic of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 700 target price on shares of Glencore in a report on Monday, July 6th. Citigroup upped their price target on shares of Glencore from GBX 770 to GBX 780 and gave the company a “buy” rating in a report on Wednesday, August 12th. Berenberg Bank dropped their price target on shares of Glencore from GBX 750 to GBX 740 and set a “buy” rating for the company in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 630 price target on shares of Glencore in a research report on Monday, October 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 600 price target on shares of Glencore in a report on Monday, July 27th.

Glencore News Summary

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: J.P. Morgan upgraded Glencore, citing the company’s copper growth pipeline. The upgrade reinforces the investment case around copper demand and future production growth, although the bank still identified Antofagasta as its preferred copper stock. Glencore upgraded at JP Morgan on copper growth pipeline
• Positive Sentiment: Glencore began trading on the Australian Securities Exchange (ASX), with the shares opening above their London closing equivalent. The listing improves access to Australian investors and strengthens Glencore’s profile alongside major local miners such as BHP and Rio Tinto. Glencore opens above London close in Australia trading debut
• Positive Sentiment: The ASX debut is part of Glencore’s effort to expand its Australian investor base and potentially narrow the valuation and scale gap with BHP, with reports discussing an ambition to raise its market presence by about A$5 billion. Glencore debuts on Australian share market
• Neutral Sentiment: Glencore is being watched as a possible future ASX 200 inclusion. Index membership could generate additional demand, but inclusion is not guaranteed and would depend on eligibility and ranking. Glencore makes Australian debut
• Negative Sentiment: The broader Australian market was under pressure after a Wall Street sell-off, with bank stocks leading declines. That weaker risk backdrop may have limited the impact of Glencore’s otherwise positive debut and copper-related news. ASX 200 slides as bank stocks fall

Glencore Stock Performance

Shares of GLEN stock opened at GBX 575 on Monday. The company has a debt-to-equity ratio of 108.47, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a fifty-two week low of GBX 332.20 and a fifty-two week high of GBX 633.90. The stock has a 50 day moving average price of GBX 577.31 and a two-hundred day moving average price of GBX 562.02. The company has a market capitalization of £67.42 billion, a P/E ratio of 12.78, 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.