Glencore plc (LON:GLEN) Insider Martin J. Gilbert Acquires 15,000 Shares

Glencore plc (LON:GLEN) insider Martin J. Gilbert acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were bought at an average price of GBX 285 ($3.70) per share, with a total value of £42,750 ($55,512.27).

Glencore Stock Down 0.4 %

Shares of GLEN stock opened at GBX 282.95 ($3.67) on Thursday. Glencore plc has a 12 month low of GBX 279.30 ($3.63) and a 12 month high of GBX 506.72 ($6.58). The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The firm has a market cap of £43.16 billion, a PE ratio of -79.24, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The stock has a 50 day moving average of GBX 327.71 and a 200-day moving average of GBX 365.54.

Glencore Cuts Dividend

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

Analyst Ratings Changes

GLEN has been the subject of several recent analyst reports. Berenberg Bank started coverage on shares of Glencore in a report on Monday, March 10th. They issued a “buy” rating and a GBX 380 ($4.93) target price for the company. Citigroup restated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Glencore from GBX 480 ($6.23) to GBX 440 ($5.71) and set an “outperform” rating for the company in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 480 ($6.23) target price on shares of Glencore in a research report on Thursday, February 20th. Finally, Morgan Stanley upgraded Glencore to an “overweight” rating and set a GBX 470 ($6.10) target price on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Glencore currently has an average rating of “Buy” and an average price target of GBX 476.43 ($6.19).

About Glencore

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.