Shares of Glencore plc (LON:GLEN - Get Free Report) traded down 5% during trading on Wednesday . The stock traded as low as GBX 335.60 ($4.24) and last traded at GBX 335.80 ($4.24). 219,866,219 shares were traded during trading, an increase of 406% from the average session volume of 43,414,914 shares. The stock had previously closed at GBX 353.55 ($4.47).
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Morgan Stanley upgraded shares of Glencore to an "overweight" rating and set a GBX 470 ($5.94) target price on the stock in a report on Tuesday. Citigroup restated a "top pick" rating on shares of Glencore in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 480 ($6.06) target price on shares of Glencore in a report on Thursday. Finally, Royal Bank of Canada dropped their target price on shares of Glencore from GBX 480 ($6.06) to GBX 440 ($5.56) and set an "outperform" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 492.50 ($6.22).
Check Out Our Latest Stock Analysis on GLEN
Glencore Stock Down 0.5 %
The company has a market capitalization of £49.40 billion, a P/E ratio of -90.70, a PEG ratio of 0.43 and a beta of 1.21. The firm's 50 day moving average price is GBX 357.22 and its two-hundred day moving average price is GBX 385.70. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14.
About Glencore
(
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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.
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