Glencore Plc (LON:GLEN) Receives Average Recommendation Of “Buy” From Brokerages

Glencore plc (LON:GLEN – Get Rating) has earned an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 576.15 ($6.96).
GLEN has been the topic of a number of research analyst reports. Barclays reissued an “overweight” rating and issued a GBX 700 ($8.46) price target on shares of Glencore in a report on Monday. UBS Group set a GBX 540 ($6.52) price objective on Glencore in a research note on Monday. set a GBX 560 ($6.77) price objective on Glencore in a research note on Monday, August 1st. The Goldman Sachs Group set a GBX 600 ($7.25) price objective on Glencore in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Glencore from GBX 620 ($7.49) to GBX 590 ($7.13) and set an “overweight” rating on the stock in a research note on Friday, August 5th.
Glencore stock opened at GBX 475 ($5.74) on Thursday. Glencore has a 52-week low of GBX 302.55 ($3.66) and a 52-week high of GBX 548.30 ($6.63). The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. The company has a market cap of £62.21 billion and a P/E ratio of 1,532.42. The business has a 50-day simple moving average of GBX 456.54 and a two-hundred day simple moving average of GBX 466.52.
About Glencore
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.