Glencore plc (LON:GLEN) Stock Has Consensus Price Target of GBX 660

Key Points

• Glencore has a “Moderate Buy” consensus rating from six analysts: five recommend buying the stock, while one advises holding it. The average 12-month price target is GBX 660.
• Analyst targets range from GBX 510 to GBX 780, with recent opinions including upgrades from Citigroup and lower targets from Berenberg Bank and JPMorgan Chase.
• Glencore shares opened at GBX 584.62, implying potential upside to the consensus target. The company has a £68.55 billion market capitalization and has traded between GBX 332.20 and GBX 633.90 over the past year.

Glencore plc (LON:GLEN - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 660.

A number of research firms have weighed in on GLEN. Berenberg Bank decreased their price objective on shares of Glencore from GBX 750 to GBX 740 and set a "buy" rating for the company in a research report on Friday, August 7th. Citigroup boosted their target price on shares of Glencore from GBX 770 to GBX 780 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Jefferies Financial Group reissued a "buy" rating and set a GBX 700 target price on shares of Glencore in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 630 price target on shares of Glencore in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Glencore from GBX 520 to GBX 510 and set a "neutral" rating for the company in a report on Thursday, July 30th.

Glencore Stock Performance

Shares of LON:GLEN opened at GBX 584.62 on Monday. The company has a market cap of £68.55 billion, a P/E ratio of 12.99, a PEG ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 108.47, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a one year low of GBX 332.20 and a one year high of GBX 633.90. The business's 50-day simple moving average is GBX 575.82 and its 200 day simple moving average is GBX 560.96.

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. With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.

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