Glencore plc (LON:GLEN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 286.81 ($3.89) and traded as high as GBX 312.55 ($4.24). Glencore shares last traded at GBX 307.13 ($4.16), with a volume of 30,745,514 shares traded.
Analysts Set New Price Targets
Several research firms have recently issued reports on GLEN. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 350 price objective on shares of Glencore in a research report on Monday, August 18th. Berenberg Bank reissued a "buy" rating and issued a GBX 350 price objective on shares of Glencore in a research report on Wednesday, August 20th. Citigroup increased 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 386.
Get Our Latest Analysis on Glencore
Glencore Stock Up 0.3%
The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. The stock has a market capitalization of £36.40 billion, a P/E ratio of -1,919.56, a P/E/G ratio of 0.43 and a beta of 1.21. The stock's 50 day simple moving average is GBX 300.29 and its 200 day simple moving average is GBX 286.81.
About Glencore
(
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.
See Also
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.
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
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
