Glencore (OTCMKTS:GLNCY – Get Rating) had its price objective reduced by Barclays from GBX 680 ($8.29) to GBX 625 ($7.62) in a research note released on Wednesday morning, The Fly reports.
Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Glencore from GBX 690 ($8.41) to GBX 660 ($8.05) in a report on Friday, October 14th. Sanford C. Bernstein raised shares of Glencore from a market perform rating to an outperform rating in a report on Wednesday, November 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Glencore from GBX 500 ($6.10) to GBX 560 ($6.83) in a report on Wednesday, November 23rd.
Shares of OTCMKTS:GLNCY opened at $13.17 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 0.54. Glencore has a 1-year low of $9.31 and a 1-year high of $14.00. The firm’s 50 day simple moving average is $11.81 and its two-hundred day simple moving average is $11.47.
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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