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

Several other research firms have also recently commented on GLEN. HSBC decreased their target price on Glencore from GBX 410 ($5.36) to GBX 390 ($5.10) and set a buy rating for the company in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Glencore from GBX 360 ($4.70) to GBX 380 ($4.97) and gave the stock a neutral rating in a research note on Wednesday, April 10th. Deutsche Bank decreased their target price on Glencore from GBX 390 ($5.10) to GBX 370 ($4.83) and set a buy rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada cut Glencore to a sector performer rating and decreased their target price for the stock from GBX 350 ($4.57) to GBX 330 ($4.31) in a research note on Wednesday, April 10th. Finally, Goldman Sachs Group cut Glencore to a neutral rating and decreased their target price for the stock from GBX 340 ($4.44) to GBX 320 ($4.18) in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Glencore currently has a consensus rating of Buy and a consensus target price of GBX 355.88 ($4.65).

Shares of GLEN opened at GBX 275.10 ($3.59) on Thursday. Glencore has a 1 year low of GBX 268.35 ($3.51) and a 1 year high of GBX 409.80 ($5.35). The stock has a market cap of $37.42 billion and a PE ratio of 11.46. The company has a quick ratio of 0.38, a current ratio of 1.10 and a debt-to-equity ratio of 77.26.

The firm also recently announced a dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 2.53%. Glencore’s dividend payout ratio is currently 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.

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Analyst Recommendations for Glencore (LON:GLEN)

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