Glencore (LON:GLEN) Hits New 12-Month Low – What’s Next?

Glencore plc (LON:GLEN) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 348 ($4.33) and last traded at GBX 348.95 ($4.34), with a volume of 103410711 shares traded. The stock had previously closed at GBX 354.95 ($4.42).

Analyst Ratings Changes

Separately, Citigroup restated a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Glencore currently has a consensus rating of “Buy” and a consensus price target of GBX 516.25 ($6.42).

Glencore Trading Down 1.3 %

The business’s 50 day moving average price is GBX 369.93 and its 200-day moving average price is GBX 400.48. The company has a market cap of £42.62 billion, a price-to-earnings ratio of -11,683.33, a PEG ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.32 and a current ratio of 1.30.

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.