GLENCORE PLC/ADR (GLNCY) Receives Consensus Rating of “Hold” from Brokerages

GLENCORE PLC/ADR (OTCMKTS:GLNCY) has earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company.

A number of brokerages have recently issued reports on GLNCY. Jefferies Financial Group reissued a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, July 3rd. Zacks Investment Research raised GLENCORE PLC/ADR from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, July 5th. Deutsche Bank reissued a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Wednesday, August 1st. ValuEngine downgraded GLENCORE PLC/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, JPMorgan Chase & Co. downgraded GLENCORE PLC/ADR from an “overweight” rating to a “neutral” rating in a research note on Monday, September 10th.

GLNCY traded up $0.04 during midday trading on Friday, hitting $8.01. 205,118 shares of the company were exchanged, compared to its average volume of 356,297. The company has a market capitalization of $59.14 billion, a PE ratio of 10.27 and a beta of 2.14. GLENCORE PLC/ADR has a 1-year low of $7.35 and a 1-year high of $11.68. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.52.

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 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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