Glencore (LON:GLEN) Trading Down 5% – Should You Sell?

Glencore plc (LON:GLEN)’s stock price fell 5% on Wednesday . The company traded as low as GBX 335.60 ($4.23) and last traded at GBX 335.80 ($4.24). 219,866,219 shares traded hands during mid-day trading, an increase of 406% from the average session volume of 43,414,914 shares. The stock had previously closed at GBX 353.55 ($4.46).

Analysts Set New Price Targets

Separately, Citigroup reiterated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 516.25 ($6.51).

Glencore Stock Performance

The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The stock’s 50-day simple moving average is GBX 361.30 and its two-hundred day simple moving average is GBX 388.02. The stock has a market cap of £49.84 billion, a price-to-earnings ratio of -91.50, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

Glencore Company Profile

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.