Glencore (OTCMKTS:GLNCY – Get Rating) had its price target reduced by JPMorgan Chase & Co. from GBX 650 ($7.96) to GBX 630 ($7.72) in a research report report published on Wednesday, The Fly reports.
A number of other research analysts have also recently weighed in on the stock. Barclays lifted their target price on shares of Glencore from GBX 730 ($8.94) to GBX 770 ($9.43) in a research note on Wednesday, May 25th. Jefferies Financial Group lifted their target price on shares of Glencore from GBX 550 ($6.74) to GBX 600 ($7.35) in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Glencore from GBX 590 ($7.23) to GBX 580 ($7.10) in a research note on Thursday, May 12th. BMO Capital Markets upgraded shares of Glencore from a market perform rating to an outperform rating in a report on Tuesday, February 22nd. Finally, Morgan Stanley reduced their price target on shares of Glencore from GBX 623 ($7.63) to GBX 620 ($7.59) in a report on Tuesday, May 3rd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $640.00.
GLNCY opened at $11.04 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 1.17. Glencore has a fifty-two week low of $7.91 and a fifty-two week high of $14.00. The firm’s fifty day moving average is $12.42 and its 200 day moving average is $11.78.
The firm also recently announced a dividend, which was paid on Monday, June 6th. Stockholders of record on Friday, April 22nd were issued a $0.221 dividend. The ex-dividend date was Thursday, April 21st. This represents a dividend yield of 2.88%.
About Glencore (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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