GLENCORE PLC/ADR (GLNCY) Upgraded to “Hold” at Zacks Investment Research

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

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 analysts also recently issued reports on GLNCY. Deutsche Bank reissued a buy rating on shares of GLENCORE PLC/ADR in a research report on Wednesday, August 1st. ValuEngine downgraded shares of GLENCORE PLC/ADR from a hold rating to a sell rating in a research report on Thursday, August 2nd. JPMorgan Chase & Co. downgraded shares of GLENCORE PLC/ADR from an overweight rating to a neutral rating in a research report on Monday, September 10th. Barclays reissued a buy rating on shares of GLENCORE PLC/ADR in a research report on Tuesday, September 25th. Finally, Morgan Stanley raised shares of GLENCORE PLC/ADR from an equal weight rating to an overweight rating in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $11.00.

OTCMKTS GLNCY opened at $8.30 on Thursday. GLENCORE PLC/ADR has a 12-month low of $7.35 and a 12-month high of $11.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.55 and a current ratio of 1.08.

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 worldwide. 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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