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

Glencore plc (LON:GLEN) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 316.40 ($3.99) and last traded at GBX 317.95 ($4.01), with a volume of 40902996 shares changing hands. The stock had previously closed at GBX 323.85 ($4.09).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GLEN shares. Royal Bank of Canada cut their price target on Glencore from GBX 480 ($6.06) to GBX 440 ($5.55) and set an “outperform” rating for the company in a report on Thursday, February 20th. Citigroup restated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($5.93) price target on the stock in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 480 ($6.06) price objective on shares of Glencore in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Glencore presently has a consensus rating of “Buy” and an average price target of GBX 492.50 ($6.22).

Glencore Price Performance

The firm has a market capitalization of £48.79 billion, a price-to-earnings ratio of -89.58, a P/E/G ratio of 0.43 and a beta of 1.21. The company’s 50 day moving average is GBX 356.23 and its 200 day moving average is GBX 384.17. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14.

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.