Glencore plc (LON:GLEN) Receives GBX 507 Average PT from Analysts

Glencore plc (LON:GLEN) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 492.50 ($6.24).

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 480 ($6.08) target price on shares of Glencore in a research note on Thursday, February 20th. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($5.96) target price for the company in a research note on Tuesday, February 18th. Royal Bank of Canada lowered their target price on shares of Glencore from GBX 480 ($6.08) to GBX 440 ($5.58) and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th.

Glencore Price Performance

Shares of LON:GLEN opened at GBX 315.60 ($4.00) on Wednesday. The firm has a market cap of £48.14 billion, a PE ratio of -88.39, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The firm’s fifty day moving average is GBX 355.29 and its 200-day moving average is GBX 383.36. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. Glencore has a 52 week low of GBX 311.30 ($3.95) and a 52 week high of GBX 506.72 ($6.42).

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.