Glencore (LON:GLEN – Get Rating) had its target price decreased by JPMorgan Chase & Co. from GBX 620 ($7.74) to GBX 610 ($7.62) in a research note published on Monday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the natural resources company’s stock.
GLEN has been the subject of several other reports. Credit Suisse Group set a GBX 625 ($7.81) target price on shares of Glencore in a report on Friday, February 17th. UBS Group upgraded shares of Glencore to a buy rating and set a GBX 560 ($6.99) target price for the company in a report on Monday, March 20th. AlphaValue lowered shares of Glencore to an add rating in a report on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 575 ($7.18) price objective on shares of Glencore in a report on Tuesday, April 4th. Finally, Jefferies Financial Group set a GBX 700 ($8.74) price objective on shares of Glencore in a report on Wednesday, February 15th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of GBX 613.33 ($7.66).
LON GLEN opened at GBX 479.80 ($5.99) on Monday. The company has a debt-to-equity ratio of 64.96, a current ratio of 1.30 and a quick ratio of 0.32. The stock has a market capitalization of £60.26 billion, a PE ratio of 462.02, a PEG ratio of 0.43 and a beta of 1.26. Glencore has a 1 year low of GBX 395.40 ($4.94) and a 1 year high of GBX 584.50 ($7.30). The business’s 50-day moving average is GBX 477.89 and its 200 day moving average is GBX 512.33.
Glencore Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 31st will be given a $0.22 dividend. This is a positive change from Glencore’s previous dividend of $0.13. This represents a yield of 3.51%. The ex-dividend date of this dividend is Thursday, August 31st. Glencore’s dividend payout ratio is 3,428.57%.
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.
www.ferroalloynet.com
