Glencore PLC (LON:GLEN) hit a new 52-week low on Wednesday . The company traded as low as GBX 267.75 ($3.50) and last traded at GBX 269.48 ($3.52), with a volume of 11158667 shares changing hands. The stock had previously closed at GBX 273.25 ($3.57).
GLEN has been the subject of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Glencore in a research report on Friday, February 8th. Goldman Sachs Group set a GBX 350 ($4.57) price objective on shares of Glencore and gave the company a “buy” rating in a research report on Tuesday, February 12th. Credit Suisse Group set a GBX 400 ($5.23) price objective on shares of Glencore and gave the company a “buy” rating in a research report on Monday, February 11th. Barclays set a GBX 370 ($4.83) price objective on shares of Glencore and gave the company a “buy” rating in a research report on Monday, February 4th. Finally, HSBC lowered their price objective on shares of Glencore from GBX 450 ($5.88) to GBX 410 ($5.36) and set a “buy” rating for the company in a research report on Monday, February 4th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 355.88 ($4.65).
The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 77.26. The stock has a market capitalization of $36.62 billion and a P/E ratio of 11.23.
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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