Citigroup restated their buy rating on shares of Glencore (LON:GLEN – Get Rating) in a report released on Tuesday, Marketbeat Ratings reports. Citigroup currently has a GBX 650 ($7.83) target price on the natural resources company’s stock.
Several other equities research analysts have also recently issued reports on GLEN. Deutsche Bank Aktiengesellschaft set a GBX 575 ($6.92) price objective on shares of Glencore in a research report on Thursday, February 16th. Royal Bank of Canada set a GBX 540 ($6.50) price target on shares of Glencore in a research report on Wednesday, February 15th. Credit Suisse Group set a GBX 625 ($7.53) price target on shares of Glencore in a research report on Friday, February 17th. AlphaValue cut shares of Glencore to an add rating in a research report on Wednesday, February 15th. Finally, UBS Group set a GBX 560 ($6.74) target price on shares of Glencore in a report on Thursday, February 16th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Glencore currently has an average rating of Buy and an average target price of GBX 615.83 ($7.42).
LON:GLEN opened at GBX 503.30 ($6.06) on Tuesday. The company has a market cap of £63.72 billion, a price-to-earnings ratio of 457.55, a price-to-earnings-growth ratio of 0.43 and a beta of 1.27. The company has a fifty day simple moving average of GBX 542.52 and a two-hundred day simple moving average of GBX 515.39. Glencore has a 52 week low of GBX 395.40 ($4.76) and a 52 week high of GBX 584.50 ($7.04). The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 64.96.
Glencore Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 31st will be issued a $0.22 dividend. This represents a dividend yield of 3.51%. The ex-dividend date is Thursday, August 31st. This is an increase from Glencore’s previous dividend of $0.13. Glencore’s dividend payout ratio is 3,272.73%.
About Glencore
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
www.ferroalloynet.com
