Glencore (LON:GLEN) Share Price Crosses Above 200 Day Moving Average of $442.69

Glencore plc (LON:GLENGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 442.69 ($5.67) and traded as high as GBX 471.35 ($6.04). Glencore shares last traded at GBX 470.05 ($6.02), with a volume of 26,096,447 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GLEN shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 550 ($7.05) price target on shares of Glencore in a report on Wednesday, May 1st. Barclays reiterated an “equal weight” rating and issued a GBX 515 ($6.60) target price on shares of Glencore in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Glencore presently has an average rating of “Moderate Buy” and an average target price of GBX 546.25 ($7.00).

Get Our Latest Report on GLEN

Glencore Trading Down 1.6 %

The firm has a market capitalization of £57.07 billion, a price-to-earnings ratio of 1,739.81, a price-to-earnings-growth ratio of 0.43 and a beta of 1.29. The business’s 50 day moving average price is GBX 473.45 and its 200-day moving average price is GBX 442.96. The company has a debt-to-equity ratio of 85.91, a current ratio of 1.29 and a quick ratio of 0.32.

Insider Buying and Selling at Glencore

In other Glencore news, insider Martin J. Gilbert bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of GBX 486 ($6.23) per share, with a total value of £48,600 ($62,267.78). 10.35% of the stock is owned by corporate insiders.

About Glencore

(Get Free Report)

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.

Further Reading

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