Glencore PLC (OTCMKTS:GLNCY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $14.72 and last traded at $14.5801, with a volume of 93416 shares. The stock had previously closed at $14.18.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on GLNCY. UBS Group upgraded shares of Glencore to a "hold" rating in a research report on Monday, February 9th. Barclays reaffirmed an "overweight" rating on shares of Glencore in a research note on Wednesday, February 25th. Morgan Stanley reiterated an "overweight" rating on shares of Glencore in a report on Wednesday, January 28th. Berenberg Bank raised Glencore from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 17th. Finally, HSBC downgraded Glencore to a "hold" rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.30.
Read Our Latest Research Report on Glencore
Glencore Price Performance
The firm has a fifty day simple moving average of $13.75 and a 200 day simple moving average of $11.19. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 0.84.
Glencore Company Profile
(
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Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.
Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.
Further Reading
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