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 bought at an average cost of GBX 302 ($3.90) per share, for a total transaction of £151,000 ($194,989.67).

Glencore Stock Up 1.2 %

Shares of Glencore stock traded up GBX 3.70 ($0.05) on Monday, reaching GBX 302.90 ($3.91). 39,974,199 shares of the company were exchanged, compared to its average volume of 42,344,902. The company has a market capitalization of £46.21 billion, a price-to-earnings ratio of -84.83, a PEG ratio of 0.43 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore plc has a one year low of GBX 298.40 ($3.85) and a one year high of GBX 506.72 ($6.54). The company has a 50-day moving average of GBX 340.42 and a 200 day moving average of GBX 371.73.

Glencore Cuts Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Berenberg Bank assumed coverage on Glencore in a research note on Monday, March 10th. They issued a “buy” rating and a GBX 380 ($4.91) price target on the stock. Royal Bank of Canada decreased their price objective on Glencore from GBX 480 ($6.20) to GBX 440 ($5.68) and set an “outperform” rating for the company in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 480 ($6.20) target price on shares of Glencore in a research note on Thursday, February 20th. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. Finally, Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($6.07) price objective on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 476.43 ($6.15).

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.