Glencore plc (LON:GLEN - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 297 ($3.84) and last traded at GBX 298.40 ($3.86), with a volume of 580449063 shares changing hands. The stock had previously closed at GBX 304 ($3.93).
Analysts Set New Price Targets
Several brokerages have commented on GLEN. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 480 ($6.21) price objective on shares of Glencore in a research report on Thursday, February 20th. Royal Bank of Canada lowered their price target on shares of Glencore from GBX 480 ($6.21) to GBX 440 ($5.69) and set an "outperform" rating on the stock in a report on Thursday, February 20th. Morgan Stanley raised Glencore to an "overweight" rating and set a GBX 470 ($6.08) price objective for the company in a report on Tuesday, February 18th. Berenberg Bank started coverage on Glencore in a research note on Monday, March 10th. They issued a "buy" rating and a GBX 380 ($4.91) target price on the stock. Finally, Citigroup reaffirmed a "top pick" rating on shares of Glencore in a research report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 476.43 ($6.16).
Check Out Our Latest Stock Analysis on GLEN
Glencore Stock Performance
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 £42.76 billion, a PE ratio of -78.50, a PEG ratio of 0.43 and a beta of 1.21. The company has a 50-day moving average price of GBX 333.50 and a two-hundred day moving average price of GBX 367.53.
Glencore Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, September 19th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.05 per share. This represents a yield of 1.21%. The ex-dividend date is Thursday, August 28th. Glencore's payout ratio is presently -280.06%.
Insider Activity
In other Glencore news, insider Liz Hewitt acquired 50,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of GBX 302 ($3.90) per share, with a total value of £151,000 ($195,241.79). Company insiders own 10.35% of the company's stock.
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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