UBS Group Reaffirms “Neutral” Rating for Glencore (GLEN)

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UBS Group reaffirmed their neutral rating on shares of Glencore (LON:GLEN) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.

GLEN has been the subject of a number of other reports. Barclays restated an overweight rating on shares of Glencore in a report on Monday, March 11th. Deutsche Bank reiterated a buy rating and issued a GBX 390 ($5.10) price target on shares of Glencore in a research note on Monday, February 4th. Royal Bank of Canada reiterated an underperform rating and issued a GBX 345 ($4.51) price target on shares of Glencore in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their price target on shares of Glencore from GBX 370 ($4.83) to GBX 380 ($4.97) and gave the company a neutral rating in a research note on Thursday, January 31st. Finally, Credit Suisse Group set a GBX 400 ($5.23) price target on shares of Glencore and gave the company a buy rating in a research note on Monday, February 11th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Glencore presently has an average rating of Buy and an average target price of GBX 355.88 ($4.65).

Shares of GLEN stock traded down GBX 3.45 ($0.05) during mid-day trading on Thursday, hitting GBX 276.70 ($3.62). The stock had a trading volume of 32,764,045 shares, compared to its average volume of 46,120,000. Glencore has a 12-month low of GBX 268.35 ($3.51) and a 12-month high of GBX 409.80 ($5.35). The stock has a market capitalization of $37.78 billion and a price-to-earnings ratio of 11.53. 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 business also recently disclosed a dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be given a $0.10 dividend. This represents a dividend yield of 2.53%. The ex-dividend date is Thursday, September 5th. Glencore’s payout ratio is presently 0.63%.

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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