Glencore plc (LON:GLEN) Insider Martin J. Gilbert Acquires 5,000 Shares

Glencore plc (LON:GLEN) insider Martin J. Gilbert acquired 5,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of GBX 233 ($3.01) per share, for a total transaction of £11,650 ($15,028.38).

Glencore Price Performance

Shares of Glencore stock opened at GBX 238.76 ($3.08) on Friday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore plc has a 12 month low of GBX 230.75 ($2.98) and a 12 month high of GBX 506.72 ($6.54). The stock has a 50 day moving average of GBX 322.72 and a 200 day moving average of GBX 363.69. The firm has a market cap of £36.42 billion, a PE ratio of -66.87, a PEG ratio of 0.43 and a beta of 1.21.

Glencore Cuts Dividend

The company also recently announced 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. The ex-dividend date is Thursday, August 28th. This represents a dividend yield of 1.21%. Glencore’s dividend payout ratio is currently -280.06%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GLEN. Berenberg Bank began coverage on Glencore in a research note on Monday, March 10th. They issued a “buy” rating and a GBX 380 ($4.90) price target for the company. Citigroup reiterated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Morgan Stanley raised Glencore to an “overweight” rating and set a GBX 470 ($6.06) target price on the stock in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 480 ($6.19) price target on shares of Glencore in a research note on Thursday, February 20th. Finally, Royal Bank of Canada cut their price objective on shares of Glencore from GBX 480 ($6.19) to GBX 440 ($5.68) and set an “outperform” rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 476.43 ($6.15).

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.