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

Shares of Glencore plc (LON:GLEN - Get Free Report) have earned a consensus recommendation of "Buy" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 492.50 ($6.24).

A number of research firms recently commented on GLEN. Citigroup reiterated a "top pick" rating on shares of Glencore in a report on Thursday, December 12th. Royal Bank of Canada lowered their price objective 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. Morgan Stanley raised Glencore to an "overweight" rating and set a GBX 470 ($5.96) target price on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 480 ($6.08) price target on shares of Glencore in a research report on Thursday.

Glencore Trading Down 0.5 %

GLEN stock traded down GBX 1.70 ($0.02) during midday trading on Wednesday, hitting GBX 323.85 ($4.10). The company had a trading volume of 94,661,641 shares, compared to its average volume of 42,153,262. The stock has a market cap of £49.40 billion, a price-to-earnings ratio of -90.70, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a 52 week low of GBX 320.50 ($4.06) and a 52 week high of GBX 506.72 ($6.42). The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. The stock's 50 day moving average price is GBX 358.17 and its 200 day moving average price is GBX 386.13.

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.