Glencore plc (LON:GLEN) Receives Consensus Rating of "Moderate Buy" from Analysts

Aug 15, 2023

Shares of Glencore plc (LON:GLEN - Get Free Report) have earned an average rating of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 589.50 ($7.52).

GLEN has been the subject of a number of research reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 550 ($7.02) price target on shares of Glencore in a report on Thursday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 560 ($7.14) price target on shares of Glencore in a report on Thursday, July 6th. Finally, Morgan Stanley lowered their price target on shares of Glencore from GBX 590 ($7.53) to GBX 560 ($7.14) and set an "equal weight" rating for the company in a report on Wednesday, June 21st.

Read Our Latest Stock Report on Glencore

LON GLEN opened at GBX 426.15 ($5.44) on Monday. The company has a current ratio of 1.35, a quick ratio of 0.32 and a debt-to-equity ratio of 71.03. The firm has a market cap of £52.80 billion, a price-to-earnings ratio of 413.74, a PEG ratio of 0.43 and a beta of 1.32. The company has a 50 day moving average of GBX 449.20 and a 200-day moving average of GBX 459.17. Glencore has a 1-year low of GBX 410.95 ($5.24) and a 1-year high of GBX 584.50 ($7.46).

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.

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