Glencore PLC (GLNCY) Upgraded at Liberum Capital
Glencore PLC (OTCMKTS:GLNCY) was upgraded by investment analysts at Liberum Capital from a “sell” rating to a “hold” rating in a research report issued on Thursday.
A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley cut Glencore PLC from an “equal weight” rating to an “underweight” rating in a report on Wednesday. Credit Suisse Group AG raised Glencore PLC from a “neutral” rating to an “outperform” rating in a research note on Monday. Citigroup Inc. reissued a “neutral” rating on shares of Glencore PLC in a research note on Thursday, September 1st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Glencore PLC in a research note on Thursday, August 25th. Finally, Societe Generale raised Glencore PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Glencore PLC has a consensus rating of “Hold” and an average price target of $5.00.
Shares of Glencore PLC (OTCMKTS:GLNCY) traded up 3.8516% during midday trading on Thursday, reaching $5.3899. The company had a trading volume of 121,006 shares. The company’s 50-day moving average is $4.88 and its 200-day moving average is $4.39. The firm’s market cap is $38.34 billion. Glencore PLC has a 52-week low of $1.95 and a 52-week high of $5.47.
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