Glencore plc (LON:GLEN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 287.08 ($3.85) and traded as high as GBX 336.15 ($4.50). Glencore shares last traded at GBX 335.52 ($4.50), with a volume of 93,965,703 shares changing hands.
Analysts Set New Price Targets
GLEN has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Glencore from GBX 370 to GBX 380 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Berenberg Bank restated a "buy" rating and set a GBX 350 price objective on shares of Glencore in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft cut their price target on Glencore from GBX 400 to GBX 380 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 350 price objective on shares of Glencore in a research note on Monday, August 18th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 386.
Get Our Latest Stock Analysis on Glencore
Glencore Trading Up 1.0%
The firm's fifty day simple moving average is GBX 302.28 and its 200-day simple moving average is GBX 287.08. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The stock has a market cap of £39.76 billion, a P/E ratio of -2,097.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.
About Glencore
(
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Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
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