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 stock in a transaction dated Friday, August 16th. The shares were bought at an average price of GBX 409 ($5.31) per share, for a total transaction of £12,270 ($15,943.35).

Glencore Stock Up 0.8 %

GLEN opened at GBX 413.30 ($5.37) on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 89.50. The firm has a 50 day moving average price of GBX 440.76 and a 200-day moving average price of GBX 441.72. Glencore plc has a twelve month low of GBX 365.31 ($4.75) and a twelve month high of GBX 506.72 ($6.58). The stock has a market capitalization of £50.26 billion, a price-to-earnings ratio of -13,776.67, a PEG ratio of 0.43 and a beta of 1.25.

Wall Street Analysts Forecast Growth

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