Glencore (OTCMKTS:GLNCY) Given New GBX 630 Price Target at JPMorgan Chase & Co.

Glencore (OTCMKTS:GLNCYGet Rating) had its price objective trimmed by JPMorgan Chase & Co. from GBX 650 ($7.96) to GBX 630 ($7.72) in a report released on Wednesday, The Fly reports.

GLNCY has been the topic of several other research reports. HSBC started coverage on Glencore in a research note on Friday, March 18th. They issued a buy rating on the stock. BMO Capital Markets raised shares of Glencore from a market perform rating to an outperform rating in a report on Tuesday, February 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Glencore from GBX 590 ($7.23) to GBX 580 ($7.10) in a report on Thursday, May 12th. Jefferies Financial Group boosted their target price on shares of Glencore from GBX 550 ($6.74) to GBX 600 ($7.35) in a report on Wednesday, March 9th. Finally, Morgan Stanley lowered their target price on shares of Glencore from GBX 623 ($7.63) to GBX 620 ($7.59) in a report on Tuesday, May 3rd. Nine investment analysts have rated the stock with a buy rating, According to data from, the company currently has a consensus rating of Buy and a consensus price target of $640.00.

Glencore stock opened at $11.04 on Wednesday. Glencore has a 12 month low of $7.91 and a 12 month high of $14.00. The company has a current ratio of 1.17, a quick ratio of 0.59 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $11.78.

The company also recently declared a dividend, which was paid on Monday, June 6th. Stockholders of record on Friday, April 22nd were issued a $0.221 dividend. The ex-dividend date of this dividend was Thursday, April 21st. This represents a dividend yield of 2.88%.

Glencore Company Profile (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.

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