Glencore plc (LON:GLEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 288.03 ($3.88) and traded as high as GBX 355.60 ($4.79). Glencore shares last traded at GBX 353.70 ($4.77), with a volume of 41,434,031 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Glencore from GBX 400 to GBX 380 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Citigroup lifted their price target on Glencore from GBX 370 to GBX 380 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Berenberg Bank reiterated a "buy" rating and issued a GBX 350 price objective on shares of Glencore in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 350 price objective on shares of Glencore in a research report on Monday, August 18th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Glencore presently has an average rating of "Buy" and a consensus target price of GBX 386.
Read Our Latest Stock Analysis on Glencore
Glencore Price Performance
The firm's 50 day simple moving average is GBX 305.37 and its two-hundred day simple moving average is GBX 288.03. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The firm has a market capitalization of £41.99 billion, a P/E ratio of -2,221.25, a P/E/G 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.
Further Reading
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