Glencore (OTCMKTS:GLNCY) Price Target Raised To GBX 640
Glencore (OTCMKTS:GLNCY – Get Rating) had its price target upped by JPMorgan Chase & Co. from GBX 630 ($7.63) to GBX 640 ($7.75) in a research note issued to investors on Tuesday morning, The Fly reports.
Several other analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of Glencore from GBX 620 ($7.51) to GBX 740 ($8.96) in a research note on Thursday, June 23rd. HSBC initiated coverage on shares of Glencore in a research note on Friday, March 18th. They issued a buy rating for the company. Barclays raised their price objective on shares of Glencore from GBX 730 ($8.84) to GBX 770 ($9.32) in a research note on Wednesday, May 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Glencore from GBX 580 ($7.02) to GBX 560 ($6.78) in a research note on Wednesday, June 29th. Finally, Jefferies Financial Group raised their target price on shares of Glencore from GBX 550 ($6.66) to GBX 600 ($7.27) in a report on Wednesday, March 9th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $662.00.
GLNCY stock opened at $9.66 on Tuesday. Glencore has a one year low of $7.91 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 1.17. The company has a fifty day moving average of $12.01 and a 200-day moving average of $11.86.
The company also recently declared a dividend, which was paid on Monday, June 6th. Stockholders of record on Friday, April 22nd were issued a dividend of $0.221 per share. 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.
www.ferroalloynet.com
