GLENCORE PLC/ADR (OTCMKTS:GLNCY) Rating Increased to Hold at Zacks Investment Research

GLENCORE PLC/ADR (OTCMKTS:GLNCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “

GLNCY has been the topic of a number of other research reports. ValuEngine upgraded GLENCORE PLC/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets lowered GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of GLENCORE PLC/ADR in a research report on Thursday, October 3rd. Goldman Sachs Group lowered GLENCORE PLC/ADR from a “neutral” rating to a “sell” rating in a research report on Friday, July 19th. Finally, Bank of America lowered GLENCORE PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.25.

Shares of OTCMKTS:GLNCY traded up $0.21 during midday trading on Thursday, reaching $5.69. 251,489 shares of the company’s stock traded hands, compared to its average volume of 273,774. GLENCORE PLC/ADR has a 1 year low of $5.29 and a 1 year high of $8.91. The company has a market cap of $41.52 billion, a P/E ratio of 8.89 and a beta of 1.92. The company has a fifty day simple moving average of $5.85 and a two-hundred day simple moving average of $6.79.

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. 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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