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

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

Wall Street Analyst Weigh In

Separately, Citigroup restated a “top pick” rating on shares of Glencore in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 516.25 ($6.42).

Glencore Trading Up 0.7 %

The firm has a market capitalization of £41.90 billion, a price-to-earnings ratio of -11,485.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 89.50. The company has a fifty day moving average price of GBX 367.87 and a 200-day moving average price of GBX 397.53.

About Glencore

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.