Glencore (LON:GLEN) Reaches New 12-Month Low – What’s Next?

Glencore plc (LON:GLEN)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 360.35 ($4.57) and last traded at GBX 361.05 ($4.58), with a volume of 156178484 shares traded. The stock had previously closed at GBX 367.75 ($4.67).

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GLEN shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Glencore from GBX 530 ($6.72) to GBX 500 ($6.34) and set a “buy” rating on the stock in a research note on Monday, September 9th. Citigroup reissued a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. One investment 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 company’s stock. Based on data from MarketBeat.com, Glencore has an average rating of “Buy” and a consensus price target of GBX 516.25 ($6.55).

Glencore Trading Down 1.4 %

The firm has a fifty day simple moving average of GBX 398.27 and a 200-day simple moving average of GBX 423.30. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.30 and a quick ratio of 0.32. The firm has a market cap of £44.10 billion, a P/E ratio of -12,258.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.