Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Glencore (LON:GLEN – Get Rating) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 575 ($7.14) price target on the natural resources company’s stock.
Several other research analysts have also issued reports on GLEN. UBS Group upgraded Glencore to a buy rating and set a GBX 560 ($6.95) price target on the stock in a research report on Monday, March 20th. Barclays restated an overweight rating and issued a GBX 600 ($7.45) price target on shares of Glencore in a research report on Thursday, February 2nd. The Goldman Sachs Group set a GBX 640 ($7.95) price target on Glencore in a research report on Wednesday, December 7th. Jefferies Financial Group set a GBX 700 ($8.69) target price on Glencore in a report on Wednesday, February 15th. Finally, Citigroup reiterated a buy rating and set a GBX 650 ($8.07) target price on shares of Glencore in a report on Tuesday, February 21st. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of GBX 614.17 ($7.63).
GLEN opened at GBX 457.50 ($5.68) on Tuesday. Glencore has a 12-month low of GBX 395.40 ($4.91) and a 12-month high of GBX 584.50 ($7.26). The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 64.96. The firm has a market capitalization of £57.60 billion, a P/E ratio of 434.01, a P/E/G ratio of 0.43 and a beta of 1.28. The stock’s fifty day simple moving average is GBX 494.56 and its 200-day simple moving average is GBX 512.54.
Glencore Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 31st will be given a $0.22 dividend. This represents a dividend yield of 3.51%. The ex-dividend date is Thursday, August 31st. This is a positive change from Glencore’s previous dividend of $0.13. Glencore’s payout ratio is currently 3,396.23%.
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
