Glencore plc (LON:GLEN) Given Average Rating of “Buy” by Analysts

Glencore plc (LON:GLEN) has earned a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 507 ($6.40).

A number of research firms have recently weighed in on GLEN. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($5.93) price objective on the stock in a research note on Tuesday. Citigroup reiterated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th.

Glencore Stock Performance

Shares of LON GLEN traded down GBX 23.41 ($0.30) during midday trading on Wednesday, reaching GBX 330.14 ($4.16). The company had a trading volume of 119,481,180 shares, compared to its average volume of 40,546,770. The business’s 50-day simple moving average is GBX 360.47 and its 200 day simple moving average is GBX 387.34. The stock has a market cap of £50.36 billion, a P/E ratio of -92.46, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 1 year low of GBX 325 ($4.10) and a 1 year high of GBX 506.72 ($6.39). The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14.

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.