Glencore plc (LON:GLEN – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 444.76 ($5.56) and traded as high as GBX 466.35 ($5.83). Glencore shares last traded at GBX 465.50 ($5.82), with a volume of 15,482,517 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have issued reports on GLEN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 560 ($7.01) price objective on shares of Glencore in a report on Thursday, September 28th. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Glencore in a research report on Thursday, November 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 589.50 ($7.38).
Glencore Stock Performance
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, nickel, zinc, lead, 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.
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