Glencore plc (LON:GLEN - Get Free Report) insider Martin J. Gilbert purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of GBX 233 ($3.01) per share, with a total value of £11,650 ($15,028.38).
Glencore Stock Down 8.5 %
Shares of GLEN opened at GBX 238.76 ($3.08) on Friday. The firm has a fifty day moving average price of GBX 322.72 and a 200-day moving average price of GBX 363.69. 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 firm has a market capitalization of £36.42 billion, a P/E ratio of -66.87, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore plc has a 12-month low of GBX 230.75 ($2.98) and a 12-month high of GBX 506.72 ($6.54).
Glencore Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, September 19th. Shareholders of record on Thursday, August 28th will be given a $0.05 dividend. The ex-dividend date is Thursday, August 28th. This represents a yield of 1.21%. Glencore's dividend payout ratio (DPR) is -280.06%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price objective on Glencore from GBX 480 ($6.19) to GBX 440 ($5.68) and set an "outperform" rating for the company in a research note on Thursday, February 20th. Berenberg Bank assumed coverage on shares of Glencore in a research note on Monday, March 10th. They set a "buy" rating and a GBX 380 ($4.90) price objective for the company. Morgan Stanley upgraded shares of Glencore to an "overweight" rating and set a GBX 470 ($6.06) price objective on the stock in a research report on Tuesday, February 18th. Citigroup restated a "top pick" rating on shares of Glencore in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 480 ($6.19) price target on shares of Glencore in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Glencore presently has an average rating of "Buy" and a consensus target price of GBX 476.43 ($6.15).
Read Our Latest Analysis on GLEN
Glencore Company Profile
(
Get Free Report)
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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