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. “
A number of other brokerages have also issued reports on GLNCY. Goldman Sachs Group lowered shares of GLENCORE PLC/ADR from a “neutral” rating to a “sell” rating in a research note on Friday, July 19th. Bank of America lowered shares of GLENCORE PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Friday, August 16th. BMO Capital Markets lowered shares of GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 10th. UBS Group reiterated a “neutral” rating on shares of GLENCORE PLC/ADR in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. lowered shares of GLENCORE PLC/ADR from a “neutral” rating to an “underweight” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. GLENCORE PLC/ADR currently has an average rating of “Hold” and a consensus target price of $8.25.
About GLENCORE PLC/ADR
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.
Featured Story: What is the Coverage Ratio?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GLENCORE PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GLENCORE PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.