Brokerages Set Glencore plc (LON:GLEN) Target Price at GBX 454

Glencore plc (LON:GLEN - Get Free Report) has been given a consensus recommendation of "Buy" by the six research firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 454 ($6.01).

Several brokerages have issued reports on GLEN. Morgan Stanley raised shares of Glencore to an "overweight" rating and set a GBX 470 ($6.23) target price on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada lowered their price target on Glencore from GBX 480 ($6.36) to GBX 440 ($5.83) and set an "outperform" rating on the stock in a report on Thursday, February 20th. Berenberg Bank reduced their price objective on Glencore from GBX 400 ($5.30) to GBX 380 ($5.03) and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 480 ($6.36) target price on shares of Glencore in a research note on Thursday, February 20th.

Glencore Trading Up 0.6 %

Shares of Glencore stock traded up GBX 1.49 ($0.02) during trading on Monday, hitting GBX 254.29 ($3.37). The stock had a trading volume of 344,967,625 shares, compared to its average volume of 52,457,801. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The company has a market capitalization of £38.79 billion, a PE ratio of -71.22, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 1 year low of GBX 205 ($2.72) and a 1 year high of GBX 506.72 ($6.71). The stock has a 50 day simple moving average of GBX 276.55 and a 200 day simple moving average of GBX 336.11.

Glencore Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 19th. Shareholders of record on Thursday, August 28th will be paid 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 currently -280.06%.

Insiders Place Their Bets

In other Glencore news, insider Martin J. Gilbert acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of GBX 233 ($3.09) per share, for a total transaction of £11,650 ($15,434.55). Also, insider Liz Hewitt bought 50,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average price of GBX 302 ($4.00) per share, for a total transaction of £151,000 ($200,052.99). Insiders have bought a total of 70,000 shares of company stock valued at $20,540,000 in the last three months. Insiders own 10.35% of the company's stock.

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.