Glencore PLC (LON:GLEN) has been given an average recommendation of “Buy” by the sixteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 230.56 ($2.93).
A number of equities analysts have recently commented on the company. UBS Group reissued a “buy” rating on shares of Glencore in a research report on Wednesday, April 1st. Liberum Capital reissued a “buy” rating on shares of Glencore in a research report on Monday. Barclays reissued an “overweight” rating on shares of Glencore in a research report on Monday, May 11th. Deutsche Bank boosted their price objective on Glencore from GBX 220 ($2.80) to GBX 240 ($3.05) and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Credit Suisse Group lowered their price objective on Glencore from GBX 300 ($3.82) to GBX 260 ($3.31) and set an “outperform” rating for the company in a research report on Tuesday, April 7th.
Shares of Glencore stock traded down GBX 0.84 ($0.01) on Friday, reaching GBX 166.74 ($2.12). 20,285,502 shares of the company were exchanged, compared to its average volume of 46,120,000. Glencore has a 1-year low of GBX 1.41 ($0.02) and a 1-year high of GBX 2,334.50 ($29.71). The company has a market cap of $22.28 billion and a P/E ratio of -55.58. The company has a debt-to-equity ratio of 94.48, a current ratio of 1.06 and a quick ratio of 0.39. The stock’s 50 day moving average price is GBX 160.03 and its 200-day moving average price is GBX 184.16.
Glencore Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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