Glencore plc (LON:GLEN – Get Rating) has earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 582.69 ($6.97).
A number of analysts have issued reports on the company. Morgan Stanley set a GBX 740 ($8.85) price target on Glencore in a research note on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 580 ($6.93) price target on shares of Glencore in a research note on Thursday, May 26th. JPMorgan Chase & Co. set a GBX 640 ($7.65) price target on Glencore in a research note on Wednesday, July 13th. Barclays cut their price objective on Glencore from GBX 770 ($9.21) to GBX 700 ($8.37) and set an “overweight” rating on the stock in a report on Friday, July 8th. Finally, UBS Group set a GBX 540 ($6.46) price objective on Glencore in a report on Wednesday, July 6th.
Shares of LON:GLEN opened at GBX 419.45 ($5.01) on Friday. The stock’s 50-day moving average price is GBX 473.60 and its two-hundred day moving average price is GBX 461.49. The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11. Glencore has a 12-month low of GBX 295.75 ($3.54) and a 12-month high of GBX 548.30 ($6.55). The firm has a market cap of £55.00 billion and a price-to-earnings ratio of 1,398.17.
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.
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