Glencore (LON:GLEN – Get Rating) had its target price cut by JPMorgan Chase & Co. from GBX 630 ($7.68) to GBX 620 ($7.56) in a research report sent to investors on Monday morning, LSE.Co.UK reports. They currently have an overweight rating on the natural resources company’s stock.
Several other equities analysts also recently commented on GLEN. Barclays reissued an overweight rating and issued a GBX 600 ($7.31) target price on shares of Glencore in a report on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft set a GBX 575 ($7.01) price target on shares of Glencore in a research note on Thursday, February 16th. Jefferies Financial Group set a GBX 700 ($8.53) price target on shares of Glencore in a research note on Wednesday, February 15th. Credit Suisse Group set a GBX 625 ($7.62) price target on shares of Glencore in a research note on Friday, February 17th. Finally, UBS Group set a GBX 560 ($6.83) price target on shares of Glencore in a research note on Thursday, February 16th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Glencore has an average rating of Buy and an average price target of GBX 614.17 ($7.49).
GLEN stock opened at GBX 453.60 ($5.53) on Monday. Glencore has a one year low of GBX 395.40 ($4.82) and a one year high of GBX 584.50 ($7.12). The company’s fifty day moving average price is GBX 526.19 and its 200-day moving average price is GBX 516.24. The company has a debt-to-equity ratio of 64.96, a quick ratio of 0.32 and a current ratio of 1.30. The company has a market capitalization of £57.29 billion, a PE ratio of 409.55, a price-to-earnings-growth ratio of 0.43 and a beta of 1.28.
Glencore Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from Glencore’s previous dividend of $0.13. This represents a dividend yield of 3.51%. Glencore’s dividend payout ratio is presently 3,214.29%.
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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