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Glencore (GLNCY) Stock Forecast & Price Target

$11.02
-0.12 (-1.08%)
(As of 07/24/2024 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

Based on 1 Wall Street analysts who have issued ratings for Glencore in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for GLNCY.

Consensus Price Target

N/A

According to the 1 analysts' twelve-month price targets for Glencore,

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
Consensus Rating
Buy
Buy
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
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 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 TargetN/AN/AN/AN/A
Forecasted UpsideN/AN/AN/AN/A
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GLNCY 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.
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GLNCY 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.
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Glencore Stock vs. The Competition

TypeGlencoreBasic Materials CompaniesS&P 500
Consensus Rating Score
3.00
2.64
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside311.66% Upside10.68% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/11/2023HSBC
2 of 5 stars
 UpgradeHold ➝ Buy
8/9/2023Credit Suisse Group
2 of 5 stars
 Lower TargetGBX 525 ➝ GBX 500
7/25/2023Morgan Stanley
3 of 5 stars
 Lower TargetGBX 560 ➝ GBX 550
6/5/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetGBX 575 ➝ GBX 560
4/24/2023JPMorgan Chase & Co.
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 Lower TargetGBX 620 ➝ GBX 610
3/20/2023Bank of America
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 UpgradeNeutral ➝ Buy
3/20/2023UBS Group
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 UpgradeNeutral ➝ Buy
2/15/2023AlphaValue
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 DowngradeBuy
12/7/2022Barclays
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 Lower TargetGBX 680 ➝ GBX 625
11/23/2022Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:57 AM ET.

GLNCY Forecast - Frequently Asked Questions

Should I buy or sell Glencore stock right now?

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

Do Wall Street analysts like Glencore more than its competitors?

Analysts like Glencore more than other "basic materials" companies. The consensus rating for Glencore is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how GLNCY compares to other companies.


This page (OTCMKTS:GLNCY) was last updated on 7/25/2024 by MarketBeat.com Staff

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