Glencore Share Price Crosses Above 200-Day Moving Average Of $339.94

Glencore plc (LON:GLEN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 339.94 ($4.49) and traded as high as GBX 370.20 ($4.89). Glencore shares last traded at GBX 367.10 ($4.85), with a volume of 23,386,496 shares changing hands.
Several research firms have recently weighed in on GLEN. Barclays reaffirmed an “overweight” rating and set a GBX 425 ($5.62) price objective on shares of Glencore in a research report on Tuesday, November 30th. Citigroup reaffirmed a “buy” rating and set a GBX 470 ($6.21) price objective on shares of Glencore in a research report on Friday, December 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 450 ($5.95) price objective on shares of Glencore in a research report on Monday, November 8th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 430 ($5.68) price objective on shares of Glencore in a research report on Thursday, November 25th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 420 ($5.55) price objective on shares of Glencore in a research report on Friday, December 3rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 432.50 ($5.71).
The firm has a market cap of £48.53 billion and a P/E ratio of 32.49. The company has a quick ratio of 0.32, a current ratio of 1.08 and a debt-to-equity ratio of 100.60. The firm has a fifty day moving average of GBX 365.96 and a 200-day moving average of GBX 339.94.
Glencore Company Profile (LON:GLEN)
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
Subscribe to receive daily Vanadium price and news

This will close in 0 seconds