Glencore plc (OTCMKTS:GLNCY – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.47 and traded as high as $13.55. Glencore shares last traded at $13.52, with a volume of 397,322 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Glencore from GBX 600 ($7.29) to GBX 650 ($7.90) in a report on Wednesday, December 14th. Morgan Stanley cut their price target on shares of Glencore from GBX 720 ($8.75) to GBX 710 ($8.62) in a report on Thursday, December 8th. Sanford C. Bernstein upgraded shares of Glencore from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 23rd. Credit Suisse Group cut their price target on shares of Glencore from GBX 750 ($9.11) to GBX 700 ($8.50) in a report on Thursday, December 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Glencore from GBX 500 ($6.07) to GBX 560 ($6.80) in a research note on Wednesday, November 23rd.
The company has a debt-to-equity ratio of 0.54, a current ratio of 1.24 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $12.28 and its 200 day simple moving average is $11.47.
Glencore Company Profile
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
www.ferroalloynet.com
