Glencore (LON:GLEN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Posted by Joseph Casey on Oct 21st, 2026

Glencore plc (LON:GLEN – Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 562.48 and traded as high as GBX 590.40. Glencore shares last traded at GBX 569.75, with a volume of 32,812,668 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 630 target price on shares of Glencore in a research note on Monday, October 5th. Citigroup raised their target price on shares of Glencore from GBX 770 to GBX 780 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their target price on shares of Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 price target on shares of Glencore in a research report on Monday, July 6th. Finally, Berenberg Bank cut their price target on shares of Glencore from GBX 750 to GBX 740 and set a “buy” rating on the stock in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Glencore currently has a consensus rating of “Moderate Buy” and an average price target of GBX 660.

Get Our Latest Research Report on Glencore

Glencore Stock Up 0.5%

The stock has a fifty day moving average of GBX 577.57 and a two-hundred day moving average of GBX 562.42. The company has a quick ratio of 0.32, a current ratio of 1.06 and a debt-to-equity ratio of 108.47. The stock has a market cap of £64.82 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.43 and a beta of 0.51.

About Glencore

(Get Free Report)

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.