BMO Capital Markets Lowers GLENCORE PLC/ADR (OTCMKTS:GLNCY) to Market Perform

BMO Capital Markets downgraded shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, The Fly reports.

Several other analysts have also recently issued reports on GLNCY. UBS Group cut their target price on Broadcom from $325.00 to $310.00 and set a buy rating for the company in a research report on Friday, June 14th. Goldman Sachs Group upgraded Martin Marietta Materials from a neutral rating to a buy rating and increased their target price for the stock from $207.00 to $232.00 in a research report on Thursday, April 11th. Royal Bank of Canada set a $30.00 target price on Shaw Communications and gave the stock a buy rating in a research report on Wednesday, April 10th. Finally, Zacks Investment Research upgraded Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $8.25.

OTCMKTS:GLNCY opened at $6.66 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 0.59. GLENCORE PLC/ADR has a 12-month low of $6.31 and a 12-month high of $8.97. The stock’s 50-day simple moving average is $6.74. The stock has a market capitalization of $47.69 billion, a PE ratio of 10.41 and a beta of 1.82.


Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. 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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Analyst Recommendations for GLENCORE PLC/ADR (OTCMKTS:GLNCY)

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