Shares of Glencore plc (LON:GLEN – Get Rating) have been given a consensus rating of "Buy" by the thirteen research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 587.69 ($7.10).
GLEN has been the subject of several research reports. set a GBX 560 ($6.77) price target on Glencore in a research note on Monday, August 1st. Barclays reaffirmed an "overweight" rating and issued a GBX 700 ($8.46) price target on shares of Glencore in a report on Thursday, August 18th. JPMorgan Chase & Co. lowered their price target on Glencore from GBX 620 ($7.49) to GBX 590 ($7.13) and set an "overweight" rating on the stock in a report on Friday, August 5th. Deutsche Bank Aktiengesellschaft set a GBX 560 ($6.77) price objective on Glencore in a research report on Monday, August 8th. Finally, Royal Bank of Canada set a GBX 550 ($6.65) price target on Glencore in a research report on Wednesday, August 31st.
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Glencore Stock Down 0.8 %
Shares of LON:GLEN opened at GBX 493.85 ($5.97) on Monday. The company has a market capitalization of £64.32 billion and a PE ratio of 461.54. The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32. The business has a fifty day moving average price of GBX 461.05 and a two-hundred day moving average price of GBX 479.12. Glencore has a 1 year low of GBX 305.07 ($3.69) and a 1 year high of GBX 548.30 ($6.63).
Glencore Company Profile
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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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