GLENCORE PLC/ADR (OTCMKTS:GLNCY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) from a hold rating to a sell rating in a research note published on Wednesday morning, 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. “

Several other equities analysts have also commented on GLNCY. UBS Group reissued a neutral rating on shares of GLENCORE PLC/ADR in a research report on Friday, June 14th. JPMorgan Chase & Co. lowered GLENCORE PLC/ADR from a neutral rating to an underweight rating in a research report on Wednesday, August 14th. Goldman Sachs Group lowered GLENCORE PLC/ADR from a neutral rating to a sell rating in a research report on Friday, July 19th. BMO Capital Markets lowered GLENCORE PLC/ADR from an outperform rating to a market perform rating in a research report on Wednesday, July 10th. Finally, Bank of America lowered GLENCORE PLC/ADR from a buy rating to a neutral rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $8.25.



GLENCORE PLC/ADR stock traded up $0.03 on Wednesday, hitting $6.20. 169,288 shares of the stock traded hands, compared to its average volume of 284,201. The company has a current ratio of 1.10, a quick ratio of 0.59 and a debt-to-equity ratio of 0.59. The firm has a market cap of $44.92 billion, a P/E ratio of 9.69 and a beta of 1.91. The business’s fifty day simple moving average is $5.82 and its 200 day simple moving average is $7.08. GLENCORE PLC/ADR has a 1 year low of $5.29 and a 1 year high of $8.97.

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.

Further Reading: Return on Investment (ROI)

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Analyst Recommendations for GLENCORE PLC/ADR (OTCMKTS:GLNCY)

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