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Brokerages Set Glencore Plc (OTCMKTS:GLNCY) Target Price at $660.00

Defense World ·  Aug 31, 2022 01:11

Shares of Glencore plc (OTCMKTS:GLNCY – Get Rating) have earned an average rating of "Buy" from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $660.00.

Several research firms have commented on GLNCY. Credit Suisse Group raised shares of Glencore from a "neutral" rating to an "outperform" rating in a research note on Wednesday, July 6th. JPMorgan Chase & Co. lifted 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 cut their target price on shares of Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a report on Tuesday, August 2nd. Barclays raised their target price on shares of Glencore from GBX 730 ($8.82) to GBX 770 ($9.30) in a report on Wednesday, May 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) in a report on Wednesday, June 29th.

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Glencore Price Performance

Shares of GLNCY opened at $11.21 on Friday. The firm's 50 day simple moving average is $10.86 and its 200 day simple moving average is $11.94. 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.

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.

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