Analysts Set Glencore plc (OTCMKTS:GLNCY) Target Price at $660.00

Shares of Glencore plc (OTCMKTS:GLNCYGet Rating) have been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $660.00.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Glencore from GBX 630 ($7.72) to GBX 640 ($7.84) in a research report on Tuesday, July 5th. Barclays boosted their target price on shares of Glencore from GBX 730 ($8.94) to GBX 770 ($9.44) in a research report on Wednesday, May 25th. Morgan Stanley reduced their target price on shares of Glencore from GBX 740 ($9.07) to GBX 730 ($8.94) in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Glencore from GBX 580 ($7.11) to GBX 560 ($6.86) in a research report on Wednesday, June 29th. Finally, Credit Suisse Group raised shares of Glencore from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 6th.

Glencore Price Performance

OTCMKTS GLNCY opened at $11.29 on Wednesday. The company’s fifty day simple moving average is $11.20 and its 200-day simple moving average is $11.85. Glencore has a 52 week low of $8.27 and a 52 week high of $14.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.17 and a quick ratio of 0.59.

About Glencore

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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.

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Analyst Recommendations for Glencore (OTCMKTS:GLNCY)

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