GLENCORE PLC/ADR’s (GLNCY) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) in a research report report published on Tuesday morning, The Fly reports.

A number of other brokerages have also recently commented on GLNCY. Royal Bank of Canada upgraded shares of GLENCORE PLC/ADR from a sector perform rating to an outperform rating in a research report on Tuesday. Morgan Stanley reaffirmed an overweight rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, June 23rd. Goldman Sachs Group started coverage on shares of GLENCORE PLC/ADR in a research note on Tuesday, July 14th. They set a buy rating for the company. Renaissance Capital raised shares of GLENCORE PLC/ADR from a hold rating to a buy rating in a research note on Friday, September 11th. Finally, Zacks Investment Research lowered shares of GLENCORE PLC/ADR from a buy rating to a hold rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. GLENCORE PLC/ADR presently has an average rating of Buy and an average price target of $5.25.

Shares of OTCMKTS GLNCY traded up $0.09 during mid-day trading on Tuesday, reaching $4.71. The company’s stock had a trading volume of 449,403 shares, compared to its average volume of 367,251. The stock has a 50-day moving average of $4.55 and a two-hundred day moving average of $4.06. The stock has a market capitalization of $34.35 billion, a P/E ratio of 14.72 and a beta of 1.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.56 and a current ratio of 1.06. GLENCORE PLC/ADR has a 1-year low of $2.51 and a 1-year high of $6.66.


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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