Glencore (LON:GLEN) Shares Down 5% – Time to Sell?

Shares of Glencore plc (LON:GLEN) traded down 5% during trading on Wednesday . The company traded as low as GBX 335.60 ($4.23) and last traded at GBX 335.80 ($4.24). 219,866,219 shares traded hands during trading, an increase of 406% from the average session volume of 43,414,914 shares. The stock had previously closed at GBX 353.55 ($4.46).

Analyst Upgrades and Downgrades

Separately, Citigroup restated 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 516.25 ($6.51).

Glencore Trading Down 7.6 %

The business has a 50-day moving average price of GBX 361.30 and a 200-day moving average price of GBX 388.02. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The firm has a market capitalization of £49.84 billion, a P/E ratio of -91.50, a PEG ratio of 0.43 and a beta of 1.21.

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.