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

Glencore plc (LON:GLEN) insider Martin J. Gilbert acquired 15,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was bought at an average price of GBX 285 ($3.68) per share, for a total transaction of £42,750 ($55,268.26).

Glencore Stock Performance

GLEN stock opened at GBX 283.55 ($3.67) on Wednesday. Glencore plc has a twelve month low of GBX 279.30 ($3.61) and a twelve month high of GBX 506.72 ($6.55). 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 cap of £43.25 billion, a P/E ratio of -79.41, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The business’s fifty day moving average is GBX 329.60 and its 200-day moving average is GBX 366.35.

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 paid a $0.05 dividend. This represents a yield of 1.21%. The ex-dividend date is Thursday, August 28th. Glencore’s payout ratio is -280.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($6.08) price objective for the company in a research note on Tuesday, February 18th. Citigroup restated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. Royal Bank of Canada cut their target price on Glencore from GBX 480 ($6.21) to GBX 440 ($5.69) and set an “outperform” rating for the company in a research report on Thursday, February 20th. Berenberg Bank initiated coverage on Glencore in a report on Monday, March 10th. They set a “buy” rating and a GBX 380 ($4.91) target price on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 480 ($6.21) price objective on shares of Glencore in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 476.43 ($6.16).

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.