Glencore (LON:GLEN) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

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 303.22 ($4.07) and traded as high as GBX 310.65 ($4.17). Glencore shares last traded at GBX 303.80 ($4.08), with a volume of 21,257,732 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on GLEN shares. Berenberg Bank dropped their target price on Glencore from GBX 380 ($5.10) to GBX 330 ($4.43) and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Royal Bank Of Canada dropped their target price on Glencore from GBX 380 ($5.10) to GBX 360 ($4.83) and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Glencore has a consensus rating of "Buy" and a consensus price target of GBX 410 ($5.50).

Glencore Stock 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 stock has a market cap of £47.71 billion, a P/E ratio of -87.59, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The firm's 50 day moving average is GBX 286.87 and its 200 day moving average is GBX 302.12.

Glencore Company Profile

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.