Glencore plc (LON:GLEN) Stock Has Average Price Target of GBX 666.67 According to Analysts

Glencore plc (LON:GLEN) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 666.67.

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

Glencore Stock Performance

GLEN stock opened at GBX 488.20 on Friday. The stock has a market capitalization of £57.24 billion, a PE ratio of 10.85, 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. The company has a debt-to-equity ratio of 108.47, a current ratio of 1.06 and a quick ratio of 0.32. The company has a 50 day moving average price of GBX 565.07 and a 200 day moving average price of GBX 548.40.

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.