Glencore (LON:GLEN) Hits New 52-Week 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 ($4.33) and last traded at GBX 348.95 ($4.34), with a volume of 103410711 shares trading hands. The stock had previously closed at GBX 354.95 ($4.42).

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. One equities 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 MarketBeat, Glencore currently has a consensus rating of “Buy” and an average price target of GBX 516.25 ($6.42).

Glencore Stock Down 1.3 %

The company has a market cap of £42.62 billion, a P/E ratio of -11,683.33, a PEG 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 firm has a fifty day moving average price of GBX 369.93 and a 200 day moving average price of GBX 400.48.

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.