Glencore plc (LON:GLEN - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 305.09 ($4.11) and traded as high as GBX 305.50 ($4.12). Glencore shares last traded at GBX 298.20 ($4.02), with a volume of 46,454,883 shares changing hands.
Analyst Upgrades and Downgrades
GLEN has been the subject of several analyst reports. Berenberg Bank reduced their price objective on Glencore from GBX 380 ($5.12) to GBX 330 ($4.45) and set a "buy" rating for the company in a research note on Thursday, July 3rd. Royal Bank Of Canada dropped their target price on Glencore from GBX 380 ($5.12) to GBX 360 ($4.86) and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Glencore presently has an average rating of "Buy" and a consensus price target of GBX 410 ($5.53).
Check Out Our Latest Report on Glencore
Glencore Price Performance
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 company has a 50-day simple moving average of GBX 281.16 and a 200-day simple moving average of GBX 304.14. The company has a market cap of £47.67 billion, a price-to-earnings ratio of -87.52, a PEG 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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