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Analysts Set Glencore Plc (OTCMKTS:GLNCY) PT at $660.00

Defense World ·  {{timeTz}}

Glencore plc (OTCMKTS:GLNCY – Get Rating) has received an average rating of "Buy" from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $660.00.

Several equities analysts recently issued reports on GLNCY shares. Deutsche Bank Aktiengesellschaft dropped their price target on Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) in a research report on Wednesday, June 29th. Credit Suisse Group upgraded Glencore from a "neutral" rating to an "outperform" rating in a research report on Wednesday, July 6th. Morgan Stanley dropped their price target on Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Glencore from GBX 590 ($7.13) to GBX 640 ($7.73) in a research report on Thursday.

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Glencore Trading Down 9.1 %

Shares of GLNCY stock opened at $10.03 on Thursday. Glencore has a 52-week low of $8.92 and a 52-week high of $14.00. The stock's 50-day moving average price is $11.06 and its 200 day moving average price is $11.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 1.17.

Glencore Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 2nd will be issued a $0.221 dividend. This represents a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, September 1st.

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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