Glencore International PLC, St. Helier (GLNCY) Cut to “Sell” at Zacks Investment Research
Glencore International PLC, St. Helier (NASDAQ:GLNCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
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. “
A number of other brokerages also recently commented on GLNCY. Societe Generale upgraded Glencore International PLC, St. Helier from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Morgan Stanley downgraded Glencore International PLC, St. Helier from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 21st. Liberum Capital upgraded Glencore International PLC, St. Helier from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Credit Suisse Group AG upgraded Glencore International PLC, St. Helier from a “neutral” rating to an “outperform” rating in a research note on Monday, September 19th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore International PLC, St. Helier in a research report on Thursday, September 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Glencore International PLC, St. Helier currently has an average rating of “Hold” and an average target price of $5.75.
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Shares of Glencore International PLC, St. Helier (NASDAQ:GLNCY) traded up 7.39% during mid-day trading on Wednesday, reaching $5.67. The company had a trading volume of 182,267 shares. The stock has a 50 day moving average of $5.06 and a 200-day moving average of $4.51. Glencore International PLC, St. Helier has a 52 week low of $1.95 and a 52 week high of $5.72. The company’s market capitalization is $40.33 billion.
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