Glencore (GLEN) Stock Forecast & Price Target

GBX 457.70

+15.90 (+3.60%)

(As of 12/1/2023 ET)

Compare

Today's Range: 445.80
▼
459.60
50-Day Range: 426.60
▼
469.90
52-Week Range: 410.95
▼
584.50

Volume: 70.11 million shs
Average Volume: 33.07 million shs
Market Capitalization: £56.11 billion

P/E Ratio: 750.33
Dividend Yield: 7.65%
Price Target: GBX 589.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Sustainability

Glencore Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

GBX 589.50

High Forecast	GBX 650
Average Forecast	GBX 589.50
Low Forecast	GBX 540

Type	Current Forecast 12/2/22 to 12/2/23	1 Month Ago 11/2/22 to 11/2/23	3 Months Ago 9/3/22 to 9/3/23	1 Year Ago 12/2/21 to 12/2/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 589.50	GBX 589.50	GBX 589.50	GBX 607.92

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GLEN Analyst Ratings 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.

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.

Glencore Stock vs. The Competition

Type	Glencore	Basic Materials Companies
Consensus Rating Score	2.90	2.56
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/9/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Not Rated
9/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 560	+21.39%
6/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 550	+23.25%
6/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	GBX 590 ➝ GBX 560	+24.89%
4/3/2023	Royal 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 Target		GBX 540	+14.91%
3/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Myles Allsop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Buy	GBX 560	+26.57%
Get the Latest News and Ratings for GLEN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Glencore and its competitors with MarketBeat's FREE daily newsletter.
2/21/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 650	+25.68%
2/17/2023	Credit 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 Target		GBX 625	+23.18%
2/15/2023	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Add
2/2/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight	GBX 600	+10.94%
12/7/2022	The 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 Target		GBX 640	+18.85%

(Data available from 12/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

GLEN Price Target - Frequently Asked Questions

What is Glencore's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for Glencore stock is Moderate Buy based on the current 1 hold rating and 9 buy ratings for GLEN. The average twelve-month price prediction for Glencore is GBX 589.50 with a high price target of GBX 650 and a low price target of GBX 540. Learn more on GLEN's analyst rating history.
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 2.90 while the average consensus rating score for basic materials companies is 2.56. Learn more on how GLEN compares to other companies.
Does Glencore's stock price have much upside?: According to analysts, Glencore's stock has a predicted upside of 20.94% based on their 12-month stock forecasts.

What analysts cover Glencore?: Glencore has been rated by Deutsche Bank Aktiengesellschaft, and JPMorgan Chase & Co. in the past 90 days.

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This page (LON:GLEN) was last updated on 12/2/2023 by MarketBeat.com Staff

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