Glencore plc (LON:GLEN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 3.69 ($0.05) and last traded at GBX 320.30 ($4.32), with a volume of 60415848 shares changing hands. The stock had previously closed at GBX 312.75 ($4.22).
Analyst Ratings Changes
Several brokerages have recently weighed in on GLEN. Royal Bank Of Canada lowered their price target on shares of Glencore from GBX 380 ($5.12) to GBX 360 ($4.85) and set an "outperform" rating for the company in a research report on Wednesday, July 2nd. Berenberg Bank lowered their price target on shares of Glencore from GBX 380 ($5.12) to GBX 330 ($4.45) and set a "buy" rating for the company in a research report on Thursday, July 3rd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Glencore currently has a consensus rating of "Buy" and a consensus price target of GBX 410 ($5.53).
View Our Latest Analysis on Glencore
Glencore Stock Performance
The firm's 50 day moving average is GBX 286.87 and its two-hundred day moving average is GBX 302.12. The stock has a market capitalization of £48.86 billion, a PE ratio of -89.70, a P/E/G 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.
About Glencore
(
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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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