UBS Group restated their buy rating on shares of Glencore (LON:GLEN) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on the stock. Credit Suisse Group reiterated an outperform rating and set a GBX 300 ($3.95) target price on shares of Glencore in a report on Monday, January 27th. Liberum Capital reiterated a buy rating on shares of Glencore in a report on Tuesday, February 18th. Citigroup reiterated a buy rating on shares of Glencore in a report on Wednesday, February 19th. Royal Bank of Canada lowered shares of Glencore to a sector performer rating and dropped their target price for the stock from GBX 280 ($3.68) to GBX 210 ($2.76) in a report on Wednesday, March 11th. Finally, Societe Generale upgraded shares of Glencore to a buy rating and dropped their target price for the stock from GBX 295 ($3.88) to GBX 260 ($3.42) in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 246.33 ($3.24).
Glencore stock opened at GBX 127.10 ($1.67) on Monday. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 94.48. The firm has a 50-day moving average of GBX 186.97 and a 200-day moving average of GBX 225.43. The firm has a market cap of $17.84 billion and a P/E ratio of -42.37. Glencore has a 1-year low of GBX 1.41 ($0.02) and a 1-year high of GBX 2,334.50 ($30.71).
The business also recently declared a dividend, which will be paid on Tuesday, September 22nd. Investors of record on Thursday, September 3rd will be paid a $0.10 dividend. This represents a yield of 3.25%. The ex-dividend date is Thursday, September 3rd. Glencore’s payout ratio is currently -5.00%.
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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