Glencore (LON:GLEN) Hits New 12-Month Low - Here's What Happened

Glencore plc (LON:GLEN - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 337.75 ($4.19) and last traded at GBX 341.49 ($4.24), with a volume of 29362316 shares. The stock had previously closed at GBX 350.50 ($4.35).

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Glencore has a consensus rating of "Buy" and an average target price of GBX 516.25 ($6.40).

Glencore Stock Up 1.2 %

The company has a market capitalization of £43.61 billion, a PE ratio of -11,953.33, a P/E/G ratio of 0.43 and a beta of 1.21. The stock's fifty day moving average is GBX 365.05 and its two-hundred day moving average is GBX 394.46. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 89.50.

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.