Glencore plc (LON:GLEN) Insider Liz Hewitt Acquires 50,000 Shares of Stock

Glencore plc (LON:GLEN) insider Liz Hewitt bought 50,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of GBX 302 ($3.90) per share, with a total value of £151,000 ($195,115.65).

Glencore Price Performance

LON GLEN opened at GBX 302.90 ($3.91) on Tuesday. Glencore plc has a one year low of GBX 298.40 ($3.86) and a one year high of GBX 506.72 ($6.55). The stock has a 50-day moving average of GBX 339.20 and a 200 day moving average of GBX 370.96. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The company has a market capitalization of £46.21 billion, a price-to-earnings ratio of -84.83, a PEG ratio of 0.43 and a beta of 1.21.

Glencore Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 19th. Stockholders of record on Thursday, August 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a dividend yield of 1.21%. Glencore’s dividend payout ratio is presently -280.06%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GLEN. Royal Bank of Canada cut their price target on Glencore from GBX 480 ($6.20) to GBX 440 ($5.69) and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley raised Glencore to an “overweight” rating and set a GBX 470 ($6.07) target price on the stock in a research note on Tuesday, February 18th. Citigroup reaffirmed a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 480 ($6.20) price target on shares of Glencore in a research note on Thursday, February 20th. Finally, Berenberg Bank began coverage on shares of Glencore in a report on Monday, March 10th. They issued a “buy” rating and a GBX 380 ($4.91) target price for the company. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Glencore currently has a consensus rating of “Buy” and an average price target of GBX 476.43 ($6.16).

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.