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

Shares of Glencore plc (LON:GLEN - Get Free Report) have received an average rating of "Buy" from the six research firms that are covering the firm, MarketBeat Ratings reports. Five 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 analysts that have issued ratings on the stock in the last year is GBX 454 ($6.14).

Several brokerages have issued reports on GLEN. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 480 ($6.49) price target on shares of Glencore in a report on Thursday, February 20th. Morgan Stanley upgraded shares of Glencore to an "overweight" rating and set a GBX 470 ($6.35) price target on the stock in a report on Tuesday, February 18th. Berenberg Bank lowered their price target on shares of Glencore from GBX 400 ($5.41) to GBX 380 ($5.14) and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada lowered their price target on shares of Glencore from GBX 480 ($6.49) to GBX 440 ($5.95) and set an "outperform" rating on the stock in a report on Thursday, February 20th.

Insiders Place Their Bets

In other news, insider Liz Hewitt acquired 50,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of GBX 302 ($4.08) per share, with a total value of £151,000 ($204,136.81). Also, insider Martin J. Gilbert acquired 5,000 shares of the company's stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of GBX 233 ($3.15) per share, for a total transaction of £11,650 ($15,749.63). In the last ninety days, insiders acquired 70,000 shares of company stock valued at $20,540,000. 10.35% of the stock is owned by insiders.

Glencore Stock Down 0.7%

Glencore stock traded down GBX 1.91 ($0.03) during midday trading on Friday, hitting GBX 282.89 ($3.82). 29,676,740 shares of the company's stock were exchanged, compared to its average volume of 48,018,672. 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 12 month low of GBX 205 ($2.77) and a 12 month high of GBX 496.12 ($6.71). The firm has a 50-day moving average of GBX 261.60 and a two-hundred day moving average of GBX 319.65. The company has a market cap of £43.15 billion, a PE ratio of -79.23, a P/E/G ratio of 0.43 and a beta of 1.21.

About Glencore

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.