Glencore (OTCMKTS:GLNCY) PT Raised to GBX 575 at Deutsche Bank Aktiengesellschaft

Glencore (OTCMKTS:GLNCYGet Rating) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 560 ($6.82) to GBX 575 ($7.01) in a research note released on Tuesday, The Fly reports.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their price target on Glencore from GBX 600 ($7.31) to GBX 650 ($7.92) in a research note on Wednesday, December 14th. Barclays decreased their price target on Glencore from GBX 680 ($8.28) to GBX 625 ($7.61) in a research note on Wednesday, December 7th. Morgan Stanley cut their price objective on Glencore from GBX 720 ($8.77) to GBX 710 ($8.65) in a report on Thursday, December 8th. Credit Suisse Group cut their price objective on Glencore from GBX 750 ($9.14) to GBX 700 ($8.53) in a report on Thursday, December 8th. Finally, Sanford C. Bernstein raised Glencore from a market perform rating to an outperform rating in a report on Wednesday, November 23rd.

Glencore Stock Up 0.4 %

Glencore stock opened at $13.10 on Tuesday. The stock has a 50-day moving average of $12.80 and a two-hundred day moving average of $11.57. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. Glencore has a one year low of $9.31 and a one year high of $14.00.

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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