Glencore (LON:GLEN) Sets New 12-Month Low – Here’s Why

Glencore plc (LON:GLEN)’s stock price hit a new 52-week low on Wednesday . The company traded as low as GBX 348 ($4.32) and last traded at GBX 348.95 ($4.33), with a volume of 103410711 shares changing hands. The stock had previously closed at GBX 354.95 ($4.41).

Analyst Ratings Changes

Separately, Citigroup reiterated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. One investment 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 company. According to MarketBeat, Glencore has a consensus rating of “Buy” and a consensus price target of GBX 516.25 ($6.41).

Glencore Stock Performance

The firm has a fifty day moving average of GBX 368.98 and a 200-day moving average of GBX 399.09. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 89.50. The firm has a market cap of £43.15 billion, a P/E ratio of -11,828.87, a PEG ratio of 0.43 and a beta of 1.21.

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.