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JPMorgan Chase & Co. Raises Glencore (OTCMKTS:GLNCY) Price Target to GBX 640 – MarketBeat

Written by Amanda

JPMorgan Chase & Co. Raises Glencore (OTCMKTS:GLNCY) Price Target to GBX 640  MarketBeat

Glencore (OTCMKTS:GLNCYGet Rating) had its target price increased by JPMorgan Chase & Co. from GBX 590 ($7.13) to GBX 640 ($7.73) in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other brokerages have also recently commented on GLNCY. Deutsche Bank Aktiengesellschaft dropped their price target on 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 Glencore from GBX 730 ($8.82) to GBX 770 ($9.30) in a research note on Wednesday, May 25th. Morgan Stanley dropped their price target on Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a research note on Tuesday, August 2nd. Finally, Credit Suisse Group raised Glencore from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 6th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $660.00.

Glencore Stock Down 0.9 %

Shares of Glencore stock traded down $0.09 on Thursday, hitting $10.82. The stock had a trading volume of 558,301 shares, compared to its average volume of 505,700. Glencore has a twelve month low of $8.77 and a twelve month high of $14.00. The business’s 50 day moving average is $11.02 and its two-hundred day moving average is $11.85. 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 Company Profile

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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.

Further Reading

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Analyst Recommendations for Glencore (OTCMKTS:GLNCY)

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Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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