Glencore plc (LON:GLEN – Get Rating) has been given an average rating of “Buy” by the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 615 ($7.40).
A number of research firms have weighed in on GLEN. Barclays reiterated an “overweight” rating and set a GBX 600 ($7.22) price objective on shares of Glencore in a research report on Thursday, February 2nd. AlphaValue cut shares of Glencore to an “add” rating in a report on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft set a GBX 575 ($6.91) price target on shares of Glencore in a report on Thursday, February 16th. Royal Bank of Canada set a GBX 540 ($6.49) target price on shares of Glencore in a report on Wednesday, February 15th. Finally, Citigroup reiterated a “buy” rating and set a GBX 650 ($7.82) target price on shares of Glencore in a report on Tuesday, February 21st.
GLEN stock opened at GBX 486.85 ($5.85) on Monday. 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 has a twelve month low of GBX 395.40 ($4.75) and a twelve month high of GBX 584.50 ($7.03). The stock has a market capitalization of £61.59 billion, a price-to-earnings ratio of 446.65, a price-to-earnings-growth ratio of 0.43 and a beta of 1.27. The firm’s fifty day simple moving average is GBX 531.35 and its two-hundred day simple moving average is GBX 516.79.
Glencore Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 31st will be given a dividend of $0.22 per share. This represents a dividend yield of 3.51%. This is a positive change from Glencore’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, August 31st. Glencore’s dividend payout ratio is presently 3,302.75%.
Glencore Company Profile
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.
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