Glencore (LON:GLEN) Sets New 52-Week Low - What's Next?

Shares of Glencore plc (LON:GLEN - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as GBX 3.69 ($0.05) and last traded at GBX 320.30 ($4.30), with a volume of 60415848 shares traded. The stock had previously closed at GBX 312.75 ($4.20).

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Glencore from GBX 380 ($5.11) to GBX 360 ($4.84) and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Berenberg Bank dropped their price target on Glencore from GBX 380 ($5.11) to GBX 330 ($4.43) and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 410 ($5.51).

Glencore Stock Down 1.3%

The firm has a market capitalization of £48.59 billion, a PE ratio of -89.21, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The company's fifty day simple moving average is GBX 290.88 and its 200-day simple moving average is GBX 301.77.

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.