Glencore (LON:GLEN) Sets New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

Separately, Citigroup restated 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Glencore presently has an average rating of “Buy” and a consensus price target of GBX 516.25 ($6.41).

Glencore Stock Up 0.5 %

The firm has a market capitalization of £43.15 billion, a P/E ratio of -11,828.87, a PEG ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.32 and a current ratio of 1.30. The firm’s 50-day moving average is GBX 368.98 and its 200 day moving average is GBX 399.09.

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.