Glencore (OTCMKTS:GLNCY) Price Target Cut to GBX 630

Glencore (OTCMKTS:GLNCYGet Rating) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from GBX 650 ($7.96) to GBX 630 ($7.72) in a research note issued on Wednesday, The Fly reports.

Other research analysts have also issued reports about the company. Barclays raised their price objective on Glencore from GBX 730 ($8.94) to GBX 770 ($9.43) in a research report on Wednesday, May 25th. Morgan Stanley cut their price objective on Glencore from GBX 623 ($7.63) to GBX 620 ($7.59) in a research report on Tuesday, May 3rd. Jefferies Financial Group raised their price objective on Glencore from GBX 550 ($6.74) to GBX 600 ($7.35) in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Glencore from GBX 590 ($7.23) to GBX 580 ($7.10) in a research note on Thursday, May 12th. Finally, BMO Capital Markets upgraded Glencore from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 22nd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $664.00.

OTCMKTS:GLNCY opened at $10.76 on Wednesday. The business’s 50-day moving average is $12.36 and its two-hundred day moving average is $11.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.17 and a quick ratio of 0.59. Glencore has a 12 month low of $7.91 and a 12 month high of $14.00.

Glencore Company Profile (Get Rating)

Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

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