Analysts Set Glencore plc (LON:GLEN) Price Target at GBX 507

Shares of Glencore plc (LON:GLEN) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 492.50 ($6.22).

Several analysts have recently weighed in on GLEN shares. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 480 ($6.06) price objective on shares of Glencore in a report on Thursday. Royal Bank of Canada decreased their price objective on shares of Glencore from GBX 480 ($6.06) to GBX 440 ($5.56) and set an “outperform” rating on the stock in a report on Thursday. Finally, Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($5.94) price objective on the stock in a report on Tuesday.

Glencore Trading Down 0.5 %

LON GLEN opened at GBX 323.85 ($4.09) on Wednesday. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The firm has a market cap of £49.40 billion, a PE ratio of -90.70, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a one year low of GBX 320.50 ($4.05) and a one year high of GBX 506.72 ($6.40). The firm’s fifty day moving average is GBX 358.17 and its two-hundred day moving average is GBX 386.13.

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.