Glencore plc (LON:GLEN – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 443.74 ($5.64) and traded as high as GBX 463.77 ($5.89). Glencore shares last traded at GBX 454.70 ($5.78), with a volume of 68,650,722 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Barclays reaffirmed an “equal weight” rating and set a GBX 515 ($6.54) price target on shares of Glencore in a research report on Wednesday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 550 ($6.99) price target on shares of Glencore in a research report on Wednesday, May 1st.
Check Out Our Latest Report on Glencore
Glencore Trading Down 2.0 %
Insider Buying and Selling at Glencore
In other news, insider Martin J. Gilbert acquired 10,000 shares of Glencore stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of GBX 486 ($6.18) per share, with a total value of £48,600 ($61,753.49). 10.35% of the stock is owned by corporate insiders.
About Glencore
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, lead, nickel, zinc, 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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