Insider Buying: Glencore plc (LON:GLEN) Insider Acquires 3,000 Shares of Stock

Glencore plc (LON:GLEN) insider Martin J. Gilbert acquired 3,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was bought at an average price of GBX 409 ($5.31) per share, for a total transaction of £12,270 ($15,943.35).

Glencore Trading Down 1.2 %

Shares of LON:GLEN opened at GBX 410.20 ($5.33) on Wednesday. Glencore plc has a 1 year low of GBX 365.31 ($4.75) and a 1 year high of GBX 506.72 ($6.58). The firm has a fifty day moving average price of GBX 441.75 and a 200 day moving average price of GBX 441.92. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 89.50. The stock has a market capitalization of £49.88 billion, a PE ratio of -13,673.33, a P/E/G ratio of 0.43 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLEN. Barclays reaffirmed an “equal weight” rating and issued a GBX 515 ($6.69) price target on shares of Glencore in a research note on Wednesday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 550 ($7.15) target price on shares of Glencore in a research report on Wednesday, May 1st. Finally, Bank of America reiterated a “buy” rating and set a GBX 500 ($6.50) price target on shares of Glencore in a report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Glencore currently has a consensus rating of “Moderate Buy” and an average target price of GBX 531.25 ($6.90).

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.