Insider Buying: Glencore plc (LON:GLEN) Insider Purchases 15,000 Shares of Stock

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

Glencore Stock Down 0.2 %

Shares of GLEN stock opened at GBX 283.55 ($3.67) on Wednesday. Glencore plc has a 52-week low of GBX 279.30 ($3.61) and a 52-week high of GBX 506.72 ($6.55). The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The stock has a market cap of £43.25 billion, a price-to-earnings ratio of -79.41, a PEG ratio of 0.43 and a beta of 1.21. The firm’s 50-day moving average is GBX 329.60 and its 200-day moving average is GBX 366.35.

Glencore Cuts Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on GLEN. Citigroup reissued a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($6.08) target price for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 480 ($6.21) price target on shares of Glencore in a research note on Thursday, February 20th. Royal Bank of Canada reduced their price objective 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. Finally, Berenberg Bank assumed coverage on Glencore in a research report on Monday, March 10th. They issued a “buy” rating and a GBX 380 ($4.91) target price on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.