GLENCORE PLC/ADR (OTCMKTS:GLNCY) – Equities researchers at Jefferies Financial Group dropped their FY2018 earnings per share (EPS) estimates for GLENCORE PLC/ADR in a research report issued to clients and investors on Monday, October 8th. Jefferies Financial Group analyst C. Lafemina now forecasts that the energy company will post earnings per share of $0.88 for the year, down from their previous forecast of $0.94. Jefferies Financial Group currently has a “Buy” rating on the stock.
Several other research firms have also weighed in on GLNCY. Morgan Stanley upgraded GLENCORE PLC/ADR from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 25th. JPMorgan Chase & Co. lowered GLENCORE PLC/ADR from an “overweight” rating to a “neutral” rating in a research note on Monday, September 10th. ValuEngine lowered GLENCORE PLC/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded GLENCORE PLC/ADR from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, July 5th. Finally, Barclays reiterated a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $11.00.
GLENCORE PLC/ADR Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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