Glencore (LON:GLEN) Hits New 12-Month High At $551.90

Shares of Glencore plc (LON:GLEN – Get Rating) reached a new 52-week high on Tuesday . The company traded as high as GBX 551.90 ($6.60) and last traded at GBX 550.10 ($6.58), with a volume of 5933562 shares. The stock had previously closed at GBX 538.30 ($6.44).
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GLEN. The Goldman Sachs Group set a GBX 700 ($8.37) target price on Glencore in a research report on Thursday, October 13th. set a GBX 560 ($6.70) target price on Glencore in a research report on Monday, August 1st. Credit Suisse Group set a GBX 750 ($8.97) price objective on Glencore in a report on Monday, November 14th. Jefferies Financial Group set a GBX 625 ($7.48) price objective on Glencore in a report on Friday, October 28th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 680 ($8.13) price objective on shares of Glencore in a report on Thursday, November 24th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 601.54 ($7.20).
The business’s 50 day moving average price is GBX 500.55 and its 200-day moving average price is GBX 482.58. 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 company has a market cap of £71.22 billion and a P/E ratio of 549.29.
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.