Glencore plc (LON:GLEN - Get Free Report) insider Liz Hewitt purchased 50,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of GBX 302 ($3.91) per share, with a total value of £151,000 ($195,494.56).
Glencore Trading Down 1.2 %
Shares of GLEN traded down GBX 3.60 ($0.05) during mid-day trading on Friday, hitting GBX 294.05 ($3.81). 688,571,188 shares of the company's stock traded hands, compared to its average volume of 52,479,141. Glencore plc has a 1 year low of GBX 293.55 ($3.80) and a 1 year high of GBX 506.72 ($6.56). The firm has a market capitalization of £44.86 billion, a P/E ratio of -82.35, a PEG ratio of 0.43 and a beta of 1.21. The business's 50-day moving average price is GBX 335.22 and its 200-day moving average price is GBX 368.76. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14.
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 issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a dividend yield of 1.21%. Glencore's dividend payout ratio (DPR) is -280.06%.
Analyst Ratings Changes
A number of research firms have weighed in on GLEN. Morgan Stanley upgraded shares of Glencore to an "overweight" rating and set a GBX 470 ($6.08) target price on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada cut their price objective on shares of Glencore from GBX 480 ($6.21) to GBX 440 ($5.70) and set an "outperform" rating for the company in a research report on Thursday, February 20th. Berenberg Bank began coverage on Glencore in a research report on Monday, March 10th. They set a "buy" rating and a GBX 380 ($4.92) price target for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 480 ($6.21) target price on shares of Glencore in a research note on Thursday, February 20th. Finally, Citigroup reissued a "top pick" rating on shares of Glencore in a research note 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.com, Glencore currently has an average rating of "Buy" and an average price target of GBX 476.43 ($6.17).
Check Out Our Latest Stock Analysis on GLEN
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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