GLENCORE PLC/ADR (OTCMKTS:GLNCY) – Investment analysts at Jefferies Financial Group dropped their FY2020 earnings estimates for GLENCORE PLC/ADR in a report released on Monday, December 3rd. Jefferies Financial Group analyst C. Lafemina now forecasts that the energy company will post earnings of $1.18 per share for the year, down from their prior forecast of $1.20.
A number of other equities research analysts also recently commented on GLNCY. Zacks Investment Research raised GLENCORE PLC/ADR from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. downgraded GLENCORE PLC/ADR from an “overweight” rating to a “neutral” rating in a research note on Monday, September 10th. Barclays reaffirmed a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, September 25th. Finally, Morgan Stanley raised GLENCORE PLC/ADR from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has an average 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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