Glencore PLC (GLEN) Receives Average Rating of “Buy” from Analysts

Shares of Glencore PLC (LON:GLEN) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 362.83 ($4.74).

A number of brokerages have issued reports on GLEN. Barclays reissued an “overweight” rating on shares of Glencore in a research note on Monday, March 11th. Deutsche Bank restated a “buy” rating and set a GBX 390 ($5.10) target price on shares of Glencore in a report on Monday, February 4th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a GBX 345 ($4.51) price objective on shares of Glencore in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on shares of Glencore from GBX 370 ($4.83) to GBX 380 ($4.97) and gave the company a “neutral” rating in a research note on Thursday, January 31st. Finally, Credit Suisse Group set a GBX 400 ($5.23) target price on shares of Glencore and gave the company a “buy” rating in a research note on Monday, February 11th.

LON GLEN traded up GBX 0.75 ($0.01) during trading hours on Thursday, reaching GBX 279.10 ($3.65). The company’s stock had a trading volume of 18,150,513 shares, compared to its average volume of 46,120,000. The company has a quick ratio of 0.38, a current ratio of 1.10 and a debt-to-equity ratio of 77.26. Glencore has a 52 week low of GBX 268.35 ($3.51) and a 52 week high of GBX 409.80 ($5.35). The stock has a market capitalization of $38.10 billion and a P/E ratio of 11.63.

The firm also recently announced a dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 2.53%. Glencore’s dividend payout ratio is presently 0.63%.

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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