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

Glencore plc (LON:GLEN - Get Free Report) insider Martin J. Gilbert bought 15,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average cost of GBX 285 ($3.67) per share, for a total transaction of £42,750 ($55,104.41).

Glencore Stock Down 3.6 %

Shares of Glencore stock traded down GBX 8.71 ($0.11) during midday trading on Monday, reaching GBX 230.05 ($2.97). 77,622,484 shares of the company's stock traded hands, compared to its average volume of 42,303,660. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. Glencore plc has a 52 week low of GBX 214.90 ($2.77) and a 52 week high of GBX 506.72 ($6.53). The company's 50 day simple moving average is GBX 322.72 and its 200 day simple moving average is GBX 363.56. The company has a market cap of £35.09 billion, a price-to-earnings ratio of -64.43, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

Glencore Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 19th. Shareholders of record on Thursday, August 28th will be issued a $0.05 dividend. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, August 28th. Glencore's dividend payout ratio (DPR) is presently -280.06%.

Wall Street Analyst Weigh In

GLEN has been the topic of several research reports. Berenberg Bank began 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 on the stock. Morgan Stanley upgraded Glencore to an "overweight" rating and set a GBX 470 ($6.06) price target on the stock in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 480 ($6.19) target price on shares of Glencore in a report on Thursday, February 20th. Citigroup reissued a "top pick" rating on shares of Glencore in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lowered their price objective on shares of Glencore from GBX 480 ($6.19) to GBX 440 ($5.67) and set an "outperform" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 476.43 ($6.14).

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.