Martin J. Gilbert Purchases 15,000 Shares of Glencore plc (LON:GLEN) Stock

Glencore plc (LON:GLEN) insider Martin J. Gilbert purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was bought at an average cost of GBX 285 ($3.70) per share, for a total transaction of £42,750 ($55,512.27).

Glencore Trading Down 0.4 %

LON GLEN opened at GBX 282.95 ($3.67) on Thursday. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The stock’s 50-day moving average is GBX 327.71 and its 200-day moving average is GBX 365.54. Glencore plc has a one year low of GBX 279.30 ($3.63) and a one year high of GBX 506.72 ($6.58). The firm has a market cap of £43.16 billion, a P/E ratio of -79.24, a P/E/G ratio of 0.43 and a beta of 1.21.

Glencore Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 19th. Investors 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 is currently -280.06%.

Analysts Set New Price Targets

GLEN has been the subject of several analyst reports. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($6.10) price target for the company in a report on Tuesday, February 18th. Berenberg Bank initiated coverage on Glencore in a report on Monday, March 10th. They set a “buy” rating and a GBX 380 ($4.93) target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 480 ($6.23) price target on shares of Glencore in a research report on Thursday, February 20th. Royal Bank of Canada dropped their target price on shares of Glencore from GBX 480 ($6.23) to GBX 440 ($5.71) and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Citigroup restated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Glencore has a consensus rating of “Buy” and a consensus target price of GBX 476.43 ($6.19).

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.