Shares of Glencore plc (LON:GLEN - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 337.70 ($4.27) and last traded at GBX 341.70 ($4.32), with a volume of 212271859 shares. The stock had previously closed at GBX 353.55 ($4.47).
Wall Street Analyst Weigh In
A number of research firms recently weighed in on GLEN. Royal Bank of Canada dropped their price objective on shares of Glencore from GBX 480 ($6.06) to GBX 440 ($5.56) and set an "outperform" rating on the stock in a report on Thursday. Citigroup reissued a "top pick" rating on shares of Glencore in a research note on Thursday, December 12th. Morgan Stanley raised shares of Glencore to an "overweight" rating and set a GBX 470 ($5.94) target price on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 480 ($6.06) target price on shares of Glencore in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 492.50 ($6.22).
Check Out Our Latest Stock Analysis on GLEN
Glencore Price Performance
The company's 50 day moving average price is GBX 357.22 and its 200-day moving average price is GBX 385.70. The company has a market cap of £49.40 billion, a price-to-earnings ratio of -90.70, a PEG ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30.
Glencore Company Profile
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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.
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