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

Glencore plc (LON:GLEN) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 360.35 ($4.53) and last traded at GBX 361.05 ($4.54), with a volume of 156178484 shares traded. The stock had previously closed at GBX 367.75 ($4.62).

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GLEN. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Glencore from GBX 530 ($6.66) to GBX 500 ($6.29) and set a “buy” rating for the company in a research report on Monday, September 9th. Citigroup reiterated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 516.25 ($6.49).

Glencore Stock Down 1.6 %

The company has a debt-to-equity ratio of 89.50, a current ratio of 1.30 and a quick ratio of 0.32. The company has a market capitalization of £43.33 billion, a price-to-earnings ratio of -11,878.33, a P/E/G ratio of 0.43 and a beta of 1.21. The firm’s fifty day moving average price is GBX 395.63 and its 200-day moving average price is GBX 421.46.

About Glencore

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.