Analysts Set Glencore plc (LON:GLEN) PT at GBX 476.43

Shares of Glencore plc (LON:GLEN) have earned an average recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 476.43 ($6.19).

Several research analysts recently issued reports on GLEN shares. Citigroup reiterated a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. Royal Bank of Canada lowered their price target on Glencore from GBX 480 ($6.24) to GBX 440 ($5.72) and set an “outperform” rating for the company in a research report on Thursday, February 20th. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($6.11) price objective on the stock in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 480 ($6.24) target price on shares of Glencore in a report on Thursday, February 20th. Finally, Berenberg Bank assumed coverage on shares of Glencore in a report on Monday, March 10th. They set a “buy” rating and a GBX 380 ($4.94) price target on the stock.

Glencore Stock Up 0.4 %

Shares of Glencore stock opened at GBX 320.10 ($4.16) on Friday. 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 has a 12-month low of GBX 309.15 ($4.02) and a 12-month high of GBX 506.72 ($6.59). The company’s fifty day simple moving average is GBX 343.73 and its two-hundred day simple moving average is GBX 373.85. The company has a market cap of £48.83 billion, a P/E ratio of -89.65, a PEG ratio of 0.43 and a beta of 1.21.

Glencore Cuts Dividend

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

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.