Free Trial

Glencore (LON:GLEN) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Glencore logo with Basic Materials background

Shares of Glencore plc (LON:GLEN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 305.09 ($4.15) and traded as high as GBX 305.50 ($4.15). Glencore shares last traded at GBX 298.20 ($4.05), with a volume of 46,454,883 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of Glencore from GBX 380 ($5.16) to GBX 360 ($4.89) and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Berenberg Bank cut their price objective on shares of Glencore from GBX 380 ($5.16) to GBX 330 ($4.48) and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Glencore has a consensus rating of "Buy" and a consensus target price of GBX 410 ($5.57).

Read Our Latest Stock Analysis on GLEN

Glencore Trading Up 3.9%

The firm has a market capitalization of £47.27 billion, a PE ratio of -86.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company's 50-day simple moving average is GBX 278.53 and its 200 day simple moving average is GBX 305.09. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14.

Glencore Company Profile

(Get Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Glencore Right Now?

Before you consider Glencore, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Glencore wasn't on the list.

While Glencore currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines