Shares of Glencore plc (OTCMKTS:GLNCY – Get Rating) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $660.00.
Several analysts have recently commented on GLNCY shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) in a research note on Wednesday, June 29th. Barclays increased their price target on shares of Glencore from GBX 730 ($8.82) to GBX 770 ($9.30) in a research note on Wednesday, May 25th. JPMorgan Chase & Co. increased their price target on shares of Glencore from GBX 630 ($7.61) to GBX 640 ($7.73) in a research note on Tuesday, July 5th. Morgan Stanley decreased their price target on shares of Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a research note on Tuesday, August 2nd. Finally, Credit Suisse Group raised shares of Glencore from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 6th.
Glencore Stock Down 2.9 %
Shares of Glencore stock opened at $11.65 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.17 and a debt-to-equity ratio of 0.75. Glencore has a 1-year low of $8.43 and a 1-year high of $14.00. The firm’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $11.94.
About Glencore
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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