Glencore (OTCMKTS:GLNCY) Price Target Cut to 9,700.00 by Analysts at JPMorgan Chase & Co.

Glencore (OTCMKTS:GLNCY) had its price objective decreased by JPMorgan Chase & Co. from 10,100.00 to 9,700.00 in a research note published on Friday morning, The Fly reports.

Several other analysts also recently commented on the stock. Royal Bank of Canada restated an outperform rating on shares of Glencore in a report on Tuesday, September 28th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Glencore in a report on Thursday, September 16th. Barclays restated an overweight rating on shares of Glencore in a research report on Friday, October 8th. Morgan Stanley reaffirmed an overweight rating on shares of Glencore in a research note on Wednesday, September 29th. Finally, Zacks Investment Research downgraded shares of Glencore from a strong-buy rating to a hold rating in a research note on Tuesday, November 16th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Glencore presently has an average rating of Buy and an average target price of $4,855.50.

Shares of OTCMKTS GLNCY opened at $11.06 on Friday. The business’s 50-day simple moving average is $9.94 and its 200-day simple moving average is $9.46. Glencore has a 52 week low of $6.38 and a 52 week high of $11.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 0.53.

Glencore Company Profile

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.

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