Glencore (LON:GLEN) Reaches New 52-Week Low – Time to Sell?

Glencore plc (LON:GLEN) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 337.75 ($4.22) and last traded at GBX 341.49 ($4.27), with a volume of 29362316 shares trading hands. The stock had previously closed at GBX 350.50 ($4.38).

Analysts Set New Price Targets

Separately, Citigroup reaffirmed 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 516.25 ($6.45).

Glencore Stock Performance

The stock has a market cap of £43.40 billion, a PE ratio of -11,897.20, a P/E/G 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. The stock has a 50-day moving average of GBX 366.41 and a 200 day moving average of GBX 395.67.

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.