Glencore (LON:GLEN) Hits New 12-Month Low - Time to Sell?

Glencore plc (LON:GLEN - Get Free Report)'s stock price reached a new 52-week low during mid-day 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 trading hands. The stock had previously closed at GBX 367.75 ($4.67).

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Glencore from GBX 530 ($6.72) to GBX 500 ($6.34) and set a "buy" rating on the stock in a report on Monday, September 9th. Citigroup restated 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 given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 516.25 ($6.55).

Glencore Stock Down 1.4 %

The business has a 50-day simple moving average of GBX 398.27 and a two-hundred day simple moving average of GBX 423.30. The company has a market capitalization of £44.10 billion, a price-to-earnings ratio of -12,087.93, 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.

Glencore Company Profile

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.