Glencore plc (LON:GLEN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 543.18 and traded as high as GBX 580.10. Glencore shares last traded at GBX 580.10, with a volume of 41,708,883 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Berenberg Bank reduced their price objective on Glencore from GBX 750 to GBX 740 and set a "buy" rating on the stock in a research note on Friday, August 7th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 700 price objective on shares of Glencore in a research note on Monday, July 6th. Citigroup boosted their target price on Glencore from GBX 770 to GBX 780 and gave the company a "buy" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their price target on Glencore from GBX 520 to GBX 510 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 600 price target on shares of Glencore in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 660.
Read Our Latest Analysis on GLEN
Glencore Price Performance
The stock's 50 day moving average price is GBX 539.73 and its 200-day moving average price is GBX 543.18. The company has a quick ratio of 0.32, a current ratio of 1.06 and a debt-to-equity ratio of 108.47. The stock has a market capitalization of £67.98 billion, a PE ratio of 193.37, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51.
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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.
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