Glencore (LON:GLEN) Trading Down 2.3% – What’s Next?

Shares of Glencore plc (LON:GLEN) were down 2.3% during trading on Tuesday . The stock traded as low as GBX 383.20 ($4.90) and last traded at GBX 385.90 ($4.93). Approximately 22,107,077 shares traded hands during trading, a decline of 33% from the average daily volume of 33,058,613 shares. The stock had previously closed at GBX 394.85 ($5.04).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Glencore from GBX 530 ($6.77) to GBX 500 ($6.39) and set a “buy” rating for the company in a report on Monday, September 9th.

Glencore Price Performance

The firm has a 50-day moving average of GBX 401.17 and a 200 day moving average of GBX 426.25. The company has a market capitalization of £46.93 billion, a PE ratio of -12,863.33, a PEG ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.30 and a quick ratio of 0.32.

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.