Glencore PLC (GLNCY) Stock Rating Upgraded by Liberum Capital
Glencore PLC (OTCMKTS:GLNCY) was upgraded by equities researchers at Liberum Capital from a “sell” rating to a “hold” rating in a research note issued on Thursday, StockTargetPrices.com reports.
Other equities analysts also recently issued reports about the company. Societe Generale raised Glencore PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Citigroup Inc. reissued a “neutral” rating on shares of Glencore PLC in a research report on Thursday, September 1st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Glencore PLC in a research report on Thursday, August 25th. Credit Suisse Group AG downgraded Glencore PLC from an “outperform” rating to a “neutral” rating in a research report on Monday, July 18th. Finally, Sanford C. Bernstein reissued an “overweight” rating on shares of Glencore PLC in a research report on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.00.
Glencore PLC (OTCMKTS:GLNCY) traded up 3.85% during trading on Thursday, hitting $5.39. 122,285 shares of the stock traded hands. The stock’s market cap is $38.34 billion. Glencore PLC has a 12 month low of $1.95 and a 12 month high of $5.47. The firm’s 50-day moving average is $4.88 and its 200-day moving average is $4.39.
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