Glencore Plc (LON:GLEN) Receives GBX 614.17 Average Target Price From Brokerages

Shares of Glencore plc (LON:GLEN – Get Rating) have been assigned a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 614.17 ($7.55).
A number of equities research analysts recently issued reports on the company. Credit Suisse Group set a GBX 625 ($7.68) price target on Glencore in a research note on Friday, February 17th. UBS Group upgraded Glencore to a “buy” rating and set a GBX 560 ($6.88) price target for the company in a research report on Monday, March 20th. The Goldman Sachs Group set a GBX 640 ($7.86) price objective on Glencore in a research report on Wednesday, December 7th. Citigroup restated a “buy” rating and set a GBX 650 ($7.99) price target on shares of Glencore in a research report on Tuesday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Glencore from GBX 630 ($7.74) to GBX 620 ($7.62) and set an “overweight” rating on the stock in a research note on Monday, March 13th.
Glencore Trading Down 0.4 %
Glencore stock opened at GBX 464.60 ($5.71) on Friday. Glencore has a one year low of GBX 395.40 ($4.86) and a one year high of GBX 584.50 ($7.18). The business’s fifty day moving average is GBX 499.18 and its 200 day moving average is GBX 513.06. 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 £58.49 billion, a PE ratio of 438.30, a price-to-earnings-growth ratio of 0.43 and a beta of 1.28.
Glencore Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 31st will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 31st. This represents a yield of 3.51%. This is a boost from Glencore’s previous dividend of $0.13. Glencore’s dividend payout ratio (DPR) is currently 3,396.23%.
About Glencore
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.