Glencore plc (LON:GLEN) Insider Liz Hewitt Buys 50,000 Shares

Glencore plc (LON:GLEN) insider Liz Hewitt acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average price of GBX 302 ($3.89) per share, for a total transaction of £151,000 ($194,412.26).

Glencore Trading Down 0.1 %

LON GLEN opened at GBX 304.30 ($3.92) on Thursday. Glencore plc has a 52 week low of GBX 298.40 ($3.84) and a 52 week high of GBX 506.72 ($6.52). The firm has a 50 day moving average of GBX 336.66 and a two-hundred day moving average of GBX 369.54. 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 stock has a market capitalization of £46.42 billion, a PE ratio of -85.22, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21.

Glencore Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 19th. Investors of record on Thursday, August 28th will be paid 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 payout ratio is currently -280.06%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Royal Bank of Canada dropped their price objective on shares of Glencore from GBX 480 ($6.18) to GBX 440 ($5.66) and set an “outperform” rating for the company in a report on Thursday, February 20th. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($6.05) target price on the stock in a report on Tuesday, February 18th. Berenberg Bank started coverage on shares of Glencore in a research note on Monday, March 10th. They issued a “buy” rating and a GBX 380 ($4.89) price target for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 480 ($6.18) price objective on shares of Glencore in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 476.43 ($6.13).

About Glencore

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.