Glencore PLC (LON:GLEN) Given Consensus Recommendation of “Buy” by Brokerages

Glencore PLC (LON:GLEN) has received a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 230.56 ($2.93).

GLEN has been the topic of several analyst reports. Liberum Capital reiterated a “buy” rating on shares of Glencore in a research note on Monday. Morgan Stanley lowered their price objective on Glencore from GBX 230 ($2.93) to GBX 220 ($2.80) and set an “overweight” rating on the stock in a research note on Tuesday. Credit Suisse Group decreased their price target on Glencore from GBX 300 ($3.82) to GBX 260 ($3.31) and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Deutsche Bank increased their price target on Glencore from GBX 220 ($2.80) to GBX 240 ($3.05) and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Jefferies Financial Group increased their price target on Glencore from GBX 150 ($1.91) to GBX 180 ($2.29) and gave the stock a “hold” rating in a research report on Friday, June 19th.

Shares of GLEN stock traded down GBX 0.84 ($0.01) during trading hours on Friday, hitting GBX 166.74 ($2.12). The company had a trading volume of 20,285,502 shares, compared to its average volume of 46,120,000. Glencore has a 12 month low of GBX 1.41 ($0.02) and a 12 month high of GBX 2,334.50 ($29.71). The firm has a market capitalization of $22.28 billion and a price-to-earnings ratio of -55.58. The firm’s fifty day moving average is GBX 160.03 and its 200 day moving average is GBX 184.16. The company has a debt-to-equity ratio of 94.48, a quick ratio of 0.39 and a current ratio of 1.06.

In related news, insider Peter Coates purchased 80,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were bought at an average price of GBX 127 ($1.62) per share, with a total value of £101,600 ($129,311.44).

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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