Glencore plc (LON:GLEN – Get Rating) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 571.90 ($6.90) and last traded at GBX 568.84 ($6.87), with a volume of 3330573 shares changing hands. The stock had previously closed at GBX 558 ($6.73).
Analyst Ratings Changes
A number of research analysts recently commented on GLEN shares. JPMorgan Chase & Co. set a GBX 650 ($7.84) target price on shares of Glencore in a research report on Wednesday, December 14th. Jefferies Financial Group set a GBX 700 ($8.45) target price on shares of Glencore in a research report on Tuesday, December 6th. Royal Bank of Canada set a GBX 530 ($6.40) target price on shares of Glencore in a research report on Wednesday, December 7th. UBS Group set a GBX 560 ($6.76) target price on shares of Glencore in a research report on Wednesday, December 7th. Finally, The Goldman Sachs Group set a GBX 640 ($7.72) price objective on shares of Glencore in a research report on Wednesday, December 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Glencore presently has a consensus rating of “Buy” and an average price target of GBX 604.17 ($7.29).
Glencore Trading Up 1.5 %
The firm has a market cap of £72.92 billion and a PE ratio of 575.26. The company’s fifty day moving average price is GBX 527.92 and its two-hundred day moving average price is GBX 487.76. The company has a quick ratio of 0.32, a current ratio of 1.24 and a debt-to-equity ratio of 70.19.
About Glencore
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.
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