Glencore (LON:GLEN) Sets New 12-Month Low – Time to Sell?

Glencore plc (LON:GLEN)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 337.75 ($4.20) and last traded at GBX 341.49 ($4.25), with a volume of 29362316 shares changing hands. The stock had previously closed at GBX 350.50 ($4.36).

Analyst Ratings Changes

Separately, Citigroup reiterated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 516.25 ($6.42).

Glencore Price Performance

The company has a 50 day moving average of GBX 367.87 and a 200-day moving average of GBX 397.53. The stock has a market capitalization of £41.90 billion, a P/E ratio of -11,485.00, a PEG ratio of 0.43 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 89.50.

Glencore Company Profile

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.