Glencore Plc Receives Average Recommendation Of “Buy” From Analysts

Shares of Glencore plc (LON:GLEN – Get Rating) have been assigned an average rating of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 614.17 ($7.55).
Several research analysts recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 600 ($7.37) price target on shares of Glencore in a research note on Thursday, February 2nd. Jefferies Financial Group set a GBX 700 ($8.60) price target on shares of Glencore in a research note on Wednesday, February 15th. Royal Bank of Canada set a GBX 540 ($6.63) price target on shares of Glencore in a research note on Wednesday, February 15th. AlphaValue downgraded shares of Glencore to an “add” rating in a research note on Wednesday, February 15th. Finally, UBS Group raised shares of Glencore to a “buy” rating and set a GBX 560 ($6.88) price target on the stock in a research note on Monday, March 20th.
Glencore Trading Down 0.9 %
Shares of GLEN opened at GBX 462.45 ($5.68) on Friday. Glencore has a twelve month low of GBX 395.40 ($4.86) and a twelve month high of GBX 584.50 ($7.18). The company has a market cap of £58.31 billion, a P/E ratio of 444.13, a P/E/G ratio of 0.43 and a beta of 1.28. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 64.96. The company’s fifty day simple moving average is GBX 501.41 and its 200-day simple moving average is GBX 513.07.
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 given a dividend of $0.22 per share. This is an increase from Glencore’s previous dividend of $0.13. The ex-dividend date is Thursday, August 31st. This represents a yield of 3.51%. Glencore’s dividend payout ratio (DPR) is 3,461.54%.
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.