Shares of Glencore plc (LON:GLEN – Get Rating) hit a new 52-week high on Wednesday . The stock traded as high as GBX 574.43 ($7.01) and last traded at GBX 574.20 ($7.01), with a volume of 19289770 shares traded. The stock had previously closed at GBX 552.90 ($6.75).
Analyst Upgrades and Downgrades
Several brokerages have weighed in on GLEN. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research note on Monday. Deutsche Bank Aktiengesellschaft set a GBX 575 ($7.02) target price on shares of Glencore in a research note on Tuesday, January 10th. Jefferies Financial Group set a GBX 700 ($8.54) target price on shares of Glencore in a research note on Friday, January 6th. The Goldman Sachs Group set a GBX 640 ($7.81) target price on shares of Glencore in a research note on Wednesday, December 7th. Finally, JPMorgan Chase & Co. set a GBX 650 ($7.93) target price on shares of Glencore in a research note on Wednesday, December 14th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 602.50 ($7.35).
Glencore Trading Up 0.9 %
The business’s 50-day moving average price is GBX 540.70 and its 200-day moving average price is GBX 497.33. The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32. The firm has a market capitalization of £72.94 billion and a PE ratio of 581.55.
Glencore Company Profile
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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