Glencore PLC (LON:GLEN) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $276.65 and traded as high as $273.55. Glencore shares last traded at $270.00, with a volume of 25,636,532 shares trading hands.
A number of analysts have weighed in on GLEN shares. Macquarie reissued an “outperform” rating and set a GBX 370 ($4.83) target price on shares of Glencore in a report on Thursday, February 21st. Barclays reissued an “overweight” rating on shares of Glencore in a report on Monday, March 11th. UBS Group reissued a “neutral” rating on shares of Glencore in a report on Wednesday, May 1st. Goldman Sachs Group reissued a “neutral” rating and set a GBX 310 ($4.05) target price (down from GBX 320 ($4.18)) on shares of Glencore in a report on Thursday, May 2nd. Finally, Royal Bank of Canada set a GBX 345 ($4.51) target price on shares of Glencore and gave the stock a “buy” rating in a report on Wednesday, February 20th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 355.56 ($4.65).
The company has a debt-to-equity ratio of 77.26, a quick ratio of 0.38 and a current ratio of 1.10. The firm has a market capitalization of $37.72 billion and a price-to-earnings ratio of 11.58.
About Glencore (LON:GLEN)
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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