Glencore plc (LON:GLEN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 549.13 and traded as high as GBX 612.20. Glencore shares last traded at GBX 597.10, with a volume of 39,631,004 shares changing hands.
Analysts Set New Price Targets
Several research firms recently weighed in on GLEN. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 price objective on shares of Glencore in a research report on Monday, July 27th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 target price on shares of Glencore in a report on Monday, July 6th. Citigroup boosted their target price on shares of Glencore from GBX 770 to GBX 780 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Berenberg Bank reduced their price target on shares of Glencore from GBX 750 to GBX 740 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Glencore presently has an average rating of “Moderate Buy” and a consensus target price of GBX 660.
Get Our Latest Stock Report on Glencore
Glencore Stock Performance
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.
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