Glencore plc (LON:GLEN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Glencore plc (LON:GLEN) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 476.43 ($6.18).

A number of research analysts have recently issued reports on GLEN shares. Berenberg Bank started coverage on Glencore in a research note on Monday, March 10th. They set a “buy” rating and a GBX 380 ($4.93) price objective on the stock. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($6.09) price objective for the company in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 480 ($6.22) price objective on shares of Glencore in a report on Thursday, February 20th. Citigroup reiterated a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. Finally, Royal Bank of Canada lowered their target price on shares of Glencore from GBX 480 ($6.22) to GBX 440 ($5.71) and set an “outperform” rating for the company in a report on Thursday, February 20th.

Glencore Trading Down 1.6 %

Shares of GLEN stock opened at GBX 310 ($4.02) on Friday. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. Glencore has a 52-week low of GBX 309.15 ($4.01) and a 52-week high of GBX 506.72 ($6.57). The company has a market capitalization of £47.29 billion, a PE ratio of -86.82, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The business’s fifty day moving average is GBX 341.61 and its 200 day moving average is GBX 372.79.

Glencore Cuts Dividend

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

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.