Glencore (OTCMKTS:GLNCY) PT Lowered to GBX 590

Glencore (OTCMKTS:GLNCY – Get Rating) had its price objective lowered by investment analysts at Morgan Stanley from GBX 600 ($7.52) to GBX 590 ($7.39) in a report issued on Friday, The Fly reports.

A number of other research firms also recently weighed in on GLNCY. Bank of America raised shares of Glencore from a “neutral” rating to a “buy” rating in a research report on Monday, March 20th. AlphaValue downgraded shares of Glencore to a “buy” rating in a report on Wednesday, February 15th. Credit Suisse Group reduced their price objective on shares of Glencore from GBX 675 ($8.46) to GBX 625 ($7.83) in a research report on Thursday, February 16th. JPMorgan Chase & Co. reduced their price objective on shares of Glencore from GBX 620 ($7.77) to GBX 610 ($7.64) in a research report on Monday, April 24th. Finally, UBS Group upgraded shares of Glencore from a “neutral” rating to a “buy” rating in a research report on Monday, March 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $605.00.

Glencore Price Performance

OTCMKTS:GLNCY opened at $10.80 on Friday. The company has a fifty day moving average of $11.34 and a 200 day moving average of $12.29. Glencore has a 52 week low of $9.31 and a 52 week high of $14.41. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.

Glencore Company Profile

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Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other.