Glencore plc (LON:GLEN) Given Average Rating of "Buy" by Brokerages

Glencore plc (LON:GLEN - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 454 ($6.15).

Separately, Berenberg Bank reduced their price objective on Glencore from GBX 400 ($5.42) to GBX 380 ($5.14) and set a "buy" rating for the company in a research report on Wednesday, April 30th.

Insider Buying and Selling at Glencore

In other news, insider Martin J. Gilbert bought 5,000 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of GBX 233 ($3.15) per share, with a total value of £11,650 ($15,773.08). Corporate insiders own 10.35% of the company's stock.

Glencore Price Performance

Shares of LON:GLEN opened at GBX 284.20 ($3.85) on Tuesday. The business has a 50 day moving average price of GBX 270.64 and a 200 day moving average price of GBX 310.73. Glencore has a twelve month low of GBX 205 ($2.78) and a twelve month high of GBX 496.12 ($6.72). The company has a market cap of £43.35 billion, a price-to-earnings ratio of -79.59, a PEG ratio of 0.43 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14.

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.

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