Glencore plc (LON:GLEN) Given Consensus Recommendation of "Buy" by Brokerages

Glencore plc (LON:GLEN - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 454 ($6.11).

A number of equities analysts have issued reports on the stock. Berenberg Bank cut their target price on shares of Glencore from GBX 400 ($5.38) to GBX 380 ($5.11) and set a "buy" rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada cut their target price on shares of Glencore from GBX 480 ($6.46) to GBX 440 ($5.92) and set an "outperform" rating on the stock in a report on Thursday, February 20th. Morgan Stanley raised shares of Glencore to an "overweight" rating and set a GBX 470 ($6.32) target price on the stock in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 480 ($6.46) target price on shares of Glencore in a report on Thursday, February 20th.

Insider Activity at Glencore

In related news, insider Liz Hewitt bought 50,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was bought at an average price of GBX 302 ($4.06) per share, with a total value of £151,000 ($203,175.46). Also, insider Martin J. Gilbert bought 15,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were bought at an average cost of GBX 285 ($3.83) per share, with a total value of £42,750 ($57,521.53). Insiders have purchased 70,000 shares of company stock worth $20,540,000 over the last quarter. 10.35% of the stock is currently owned by company insiders.

Glencore Stock Up 2.5%

Shares of GLEN stock traded up GBX 6.83 ($0.09) during trading hours on Friday, hitting GBX 284.73 ($3.83). 62,807,219 shares of the company were exchanged, compared to its average volume of 48,409,801. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. Glencore has a one year low of GBX 205 ($2.76) and a one year high of GBX 496.12 ($6.68). The business's 50-day simple moving average is GBX 262.29 and its two-hundred day simple moving average is GBX 321.03. The stock has a market capitalization of £43.43 billion, a price-to-earnings ratio of -79.74, a P/E/G ratio of 0.43 and a beta of 1.21.

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.