Free Trial

Glencore (GLEN) Stock Forecast & Price Target

GBX 478.35
-0.45 (-0.09%)
(As of 07/12/2024 ET)

Glencore - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

GBX 531.25
High ForecastGBX 560
Average ForecastGBX 531.25
Low ForecastGBX 500
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
9 Buy rating(s)
Hold
1 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 531.25GBX 546.25GBX 570GBX 589.50
Get Glencore Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for GLEN and its competitors with MarketBeat's FREE daily newsletter.

GLEN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

GLEN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Glencore Stock vs. The Competition

TypeGlencoreBasic Materials Companies
Consensus Rating Score
2.75
2.62
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/26/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuyGBX 500+9.35%
5/1/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuyGBX 550+17.18%
5/1/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingEqual WeightGBX 515+9.73%
11/9/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNot Rated
9/28/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuyGBX 560+21.39%
6/21/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetEqual WeightGBX 590 ➝ GBX 560+24.89%
4/3/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Tyler Broda
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set TargetGBX 540+14.91%
3/20/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Myles Allsop
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeBuyGBX 560+26.57%
2/21/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuyGBX 650+25.68%
2/17/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Danielle Chigumira
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set TargetGBX 625+23.18%
2/15/2023AlphaValue
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeAdd
12/7/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Geydar Mamedov
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set TargetGBX 640+18.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:49 PM ET.

GLEN Forecast - Frequently Asked Questions

What is Glencore's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Glencore is GBX 531.25, with a high forecast of GBX 560 and a low forecast of GBX 500.

Should I buy or sell Glencore stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last year. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLEN shares.

Does Glencore's stock price have much upside?

According to analysts, Glencore's stock has a predicted upside of 14.41% based on their 12-month stock forecasts.

What analysts cover Glencore?

Glencore has been rated by research analysts at Bank of America, Barclays, and Jefferies Financial Group in the past 90 days.

Do Wall Street analysts like Glencore more than its competitors?

Analysts like Glencore more than other "basic materials" companies. The consensus rating score for Glencore is 2.75 while the average consensus rating score for "basic materials" companies is 2.62. Learn more on how GLEN compares to other companies.


This page (LON:GLEN) was last updated on 7/14/2024 by MarketBeat.com Staff

From Our Partners