Glencore plc (LON:GLEN - Get Free Report) insider Liz Hewitt bought 50,000 shares of Glencore stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of GBX 302 ($3.90) per share, with a total value of £151,000 ($195,115.65).
Glencore Stock Up 1.2 %
LON GLEN opened at GBX 302.90 ($3.91) on Tuesday. Glencore plc has a 12 month low of GBX 298.40 ($3.86) and a 12 month high of GBX 506.72 ($6.55). The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. The stock has a market cap of £46.21 billion, a PE ratio of -84.83, a P/E/G ratio of 0.43 and a beta of 1.21. The stock's 50 day moving average is GBX 339.20 and its 200 day moving average is GBX 370.96.
Glencore Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, September 19th. Stockholders of record on Thursday, August 28th will be issued a $0.05 dividend. This represents a dividend yield of 1.21%. The ex-dividend date is Thursday, August 28th. Glencore's dividend payout ratio (DPR) is presently -280.06%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on GLEN shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 480 ($6.20) price objective on shares of Glencore in a research report on Thursday, February 20th. Berenberg Bank began coverage on Glencore in a research note on Monday, March 10th. They issued a "buy" rating and a GBX 380 ($4.91) price objective on the stock. Citigroup reaffirmed a "top pick" rating on shares of Glencore in a research report on Thursday, December 12th. Royal Bank of Canada reduced their target price on shares of Glencore from GBX 480 ($6.20) to GBX 440 ($5.69) and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Morgan Stanley raised shares of Glencore to an "overweight" rating and set a GBX 470 ($6.07) price target on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 476.43 ($6.16).
Get Our Latest Analysis on Glencore
Glencore Company Profile
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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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