Shares of Glencore plc (LON:GLEN – Get Free Report) hit a new 52-week low during mid-day 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 changing hands. The stock had previously closed at GBX 367.75 ($4.62).
Analysts Set New Price Targets
Several research firms have issued reports on GLEN. Citigroup restated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft reduced 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. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Glencore presently has a consensus rating of “Buy” and a consensus target price of GBX 516.25 ($6.49).
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Glencore Trading Down 1.6 %
Glencore Company Profile
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.
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