Glencore (LON:GLEN) Reaches New 12-Month Low - Here's Why

Glencore plc (LON:GLEN - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 348 ($4.31) and last traded at GBX 348.95 ($4.33), with a volume of 103410711 shares traded. The stock had previously closed at GBX 354.95 ($4.40).

Analysts Set New Price Targets

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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 516.25 ($6.40).

Glencore Stock Performance

The stock has a market cap of £42.62 billion, a price-to-earnings ratio of -11,683.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The stock's 50-day moving average is GBX 367.87 and its 200-day moving average is GBX 398.44. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.30 and a quick ratio of 0.32.

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.