Glencore plc (LON:GLEN) Insider Martin J. Gilbert Purchases 5,000 Shares

Glencore plc (LON:GLEN - Get Free Report) insider Martin J. Gilbert purchased 5,000 shares of the business's stock in a transaction on Friday, April 4th. The shares were bought at an average cost of GBX 233 ($2.98) per share, for a total transaction of £11,650 ($14,886.28).

Glencore Stock Down 0.2 %

Shares of GLEN stock traded down GBX 0.40 ($0.01) on Wednesday, hitting GBX 238.20 ($3.04). The stock had a trading volume of 81,208,961 shares, compared to its average volume of 44,451,992. The stock's 50 day moving average is GBX 315.55 and its 200-day moving average is GBX 360.81. The firm has a market capitalization of £36.34 billion, a price-to-earnings ratio of -66.71, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore plc has a 52-week low of GBX 205 ($2.62) and a 52-week high of GBX 506.72 ($6.47). 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 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 19th. Shareholders of record on Thursday, August 28th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a yield of 1.21%. Glencore's payout ratio is currently -280.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada dropped their price target on Glencore from GBX 480 ($6.13) to GBX 440 ($5.62) and set an "outperform" rating for the company in a research note on Thursday, February 20th. Morgan Stanley raised shares of Glencore to an "overweight" rating and set a GBX 470 ($6.01) target price for the company in a research report on Tuesday, February 18th. Berenberg Bank started coverage on shares of Glencore in a research report on Monday, March 10th. They set a "buy" rating and a GBX 380 ($4.86) price target on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 480 ($6.13) price objective on shares of Glencore in a research report on Thursday, February 20th. Finally, Citigroup restated a "top pick" rating on shares of Glencore in a report on Thursday, December 12th. One 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, the company currently has an average rating of "Buy" and a consensus target price of GBX 476.43 ($6.09).

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.