Glencore (GLEN) Stock Forecast & Price Target

GBX 380.80 -0.60 (-0.16%)

(As of 11/22/2024 ET)

Glencore - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 4 Analyst Ratings

Sell
0

Hold
1

Buy
3

Based on 4 Wall Street analysts who have issued ratings for Glencore in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for GLEN.

Consensus Price Target

GBX 516.25

According to the 4 analysts' twelve-month price targets for Glencore, the average price target is GBX 516.25. The highest price target for GLEN is GBX 550, while the lowest price target for GLEN is GBX 500. The average price target represents a forecasted upside of 35.57% from the current price of GBX 380.80.

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GLEN Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 516.25	GBX 516.25	GBX 531.25	GBX 589.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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GLEN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GLEN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Glencore Stock vs. The Competition

Type	Glencore	Basic Materials Companies
Consensus Rating Score	2.75	2.76
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent GLEN News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/9/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Buy	GBX 530 ➝ GBX 500	+36.87%
6/26/2024	Bank of America 4 of 5 stars		Reiterated Rating	Buy	GBX 500	+9.35%
5/1/2024	Jefferies Financial Group 2 of 5 stars		Reiterated Rating	Buy	GBX 550	+17.18%
5/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight	GBX 515	+9.73%
11/9/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Not Rated
6/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	GBX 590 ➝ GBX 560	+24.89%
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4/3/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tyler Broda Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 540	+14.91%
3/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Myles Allsop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Buy	GBX 560	+26.57%
2/21/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 650	+25.68%
2/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Danielle Chigumira Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 625	+23.18%
2/15/2023	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Add
12/7/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Geydar Mamedov Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 640	+18.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:15 PM ET.

Should I Buy Glencore Stock? GLEN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Glencore pros and cons to contact@marketbeat.com.

Glencore
Bull Case

Here are some ways that investors could benefit from investing in Glencore plc:

Recent insider buying activity, with Martin J. Gilbert purchasing 3,000 shares at an average price of GBX 409, indicating confidence in the company's future performance.
Current stock price of GBX 415.20 reflects a positive trading trend, having increased by GBX 11.35 recently, suggesting potential for further growth.
Analysts have a consensus rating of "Moderate Buy" with a target price of GBX 531.25, indicating optimism about the stock's future performance.
Glencore plc has a strong market capitalization of £50.49 billion, which provides stability and resources for growth and investment opportunities.
The company operates in diverse sectors, including metals, minerals, and energy products, which can help mitigate risks associated with market fluctuations in any single industry.

Glencore
Bear Case

Investors should be bearish about investing in Glencore plc for these reasons:

The company has a high debt-to-equity ratio of 89.50, which may indicate potential financial risk and could affect its ability to manage debt obligations effectively.
Glencore plc has a negative PE ratio of -13,576.67, suggesting that the company is currently not profitable, which could deter potential investors.
Recent trading volume was significantly lower than its average, with only 14,378,980 shares traded compared to an average of 32,501,580, indicating reduced investor interest.
The stock has a 1-year low of GBX 365.31, which may raise concerns about its volatility and the potential for further declines.
Market conditions for commodities can be unpredictable, and fluctuations in prices can adversely affect Glencore's profitability and stock performance.

GLEN Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Glencore is GBX 516.25, with a high forecast of GBX 550 and a low forecast of GBX 500.
: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last year. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GLEN shares.
: According to analysts, Glencore's stock has a predicted upside of 35.57% based on their 12-month stock forecasts.
: Glencore has been rated by research analysts at Deutsche Bank Aktiengesellschaft in the past 90 days.
: Analysts like Glencore less than other "basic materials" companies. The consensus rating score for Glencore is 2.75 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how GLEN compares to other companies.

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This page (LON:GLEN) was last updated on 11/23/2024 by MarketBeat.com Staff

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Glencore (GLEN) Stock Forecast & Price Target