Shares of Glencore plc (LON:GLEN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 288.90 ($3.90) and traded as high as GBX 289.10 ($3.90). Glencore shares last traded at GBX 283.54 ($3.83), with a volume of 23,502,475 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on GLEN shares. Berenberg Bank reissued a "buy" rating and set a GBX 350 price objective on shares of Glencore in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Glencore from GBX 400 to GBX 380 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Citigroup lifted their target price on shares of Glencore from GBX 370 to GBX 380 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 350 target price on shares of Glencore in a research note on Monday, August 18th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 386.
Read Our Latest Stock Analysis on Glencore
Glencore Stock Performance
The firm has a market cap of £34.21 billion, a PE ratio of -1,798.44, a PEG ratio of 0.43 and a beta of 1.21. 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 firm's 50 day simple moving average is GBX 300 and its 200 day simple moving average is GBX 287.99.
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.
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