Several other research analysts have also weighed in on the company. Credit Suisse Group lifted their target price on Glencore from GBX 400 ($5.23) to GBX 420 ($5.49) and gave the stock an outperform rating in a report on Tuesday. Deutsche Bank reiterated a buy rating and set a GBX 370 ($4.83) target price on shares of Glencore in a report on Monday. Morgan Stanley reiterated an overweight rating and set a GBX 380 ($4.97) target price on shares of Glencore in a report on Wednesday, May 8th. Barclays reduced their target price on Glencore from GBX 370 ($4.83) to GBX 360 ($4.70) and set an overweight rating on the stock in a report on Wednesday, May 8th. Finally, Goldman Sachs Group reiterated a neutral rating and set a GBX 310 ($4.05) target price (down from GBX 320 ($4.18)) on shares of Glencore in a report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 355.88 ($4.65).
GLEN stock traded up GBX 1.80 ($0.02) during midday trading on Wednesday, hitting GBX 280.15 ($3.66). 32,572,021 shares of the company’s stock were exchanged, compared to its average volume of 46,120,000. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 77.26. The firm has a market cap of $38.14 billion and a PE ratio of 11.67. Glencore has a one year low of GBX 268.35 ($3.51) and a one year high of GBX 409.80 ($5.35).
The company also recently declared a dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be paid a $0.10 dividend. This represents a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, September 5th. Glencore’s dividend payout ratio is 0.63%.
Glencore Company Profile
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.
Further Reading: Average Daily Trade Volume – What You Need to Know
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