Glencore plc (LON:GLEN – Get Rating) has been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 613.33 ($7.63).
GLEN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 575 ($7.15) price target on shares of Glencore in a research note on Monday, April 24th. Barclays reissued an “overweight” rating and set a GBX 600 ($7.46) price objective on shares of Glencore in a report on Thursday, February 2nd. JPMorgan Chase & Co. lowered their price objective on Glencore from GBX 620 ($7.71) to GBX 610 ($7.59) and set an “overweight” rating on the stock in a report on Monday, April 24th. UBS Group raised Glencore to a “buy” rating and set a GBX 560 ($6.97) price objective on the stock in a report on Monday, March 20th. Finally, AlphaValue lowered Glencore to an “add” rating in a report on Wednesday, February 15th.
GLEN opened at GBX 434.60 ($5.41) on Friday. Glencore has a fifty-two week low of GBX 395.40 ($4.92) and a fifty-two week high of GBX 584.50 ($7.27). The business has a 50-day moving average of GBX 457.65 and a 200-day moving average of GBX 505.47. The company has a debt-to-equity ratio of 64.96, a current ratio of 1.30 and a quick ratio of 0.32. The company has a market capitalization of £54.37 billion, a PE ratio of 410.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.26.
About Glencore
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
www.ferroalloynet.com
