Glencore plc (LON:GLEN - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 461.83 and traded as high as GBX 570.79. Glencore shares last traded at GBX 563.20, with a volume of 46,554,293 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently weighed in on GLEN. Citigroup lifted their price objective on Glencore from GBX 620 to GBX 670 and gave the company a "buy" rating in a research note on Monday, April 13th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 630 price objective on shares of Glencore in a research note on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Glencore from GBX 530 to GBX 540 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Glencore currently has an average rating of "Moderate Buy" and an average target price of GBX 534.
Check Out Our Latest Research Report on GLEN
Glencore Stock Down 0.2%
The firm has a market capitalization of £65.98 billion, a price-to-earnings ratio of 187.73, a price-to-earnings-growth ratio of 0.43 and a beta of 0.53. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 109.99. The firm has a 50 day moving average price of GBX 543.36 and a two-hundred day moving average price of GBX 461.83.
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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.
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