Glencore PLC (GLNCY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Glencore PLC (OTCMKTS:GLNCY) have received an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company.
Several equities research analysts recently issued reports on GLNCY shares. Zacks Investment Research raised shares of Glencore PLC from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Friday, April 21st. JPMorgan Chase & Co. raised shares of Glencore PLC from an “underweight” rating to a “neutral” rating in a report on Tuesday, March 7th. Goldman Sachs Group, Inc. (The) raised shares of Glencore PLC from a “neutral” rating to a “buy” rating in a report on Wednesday, March 15th. Finally, Bank of America Corporation lowered shares of Glencore PLC from a “buy” rating to a “neutral” rating in a report on Monday.
COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/06/26/glencore-plc-glncy-given-consensus-recommendation-of-hold-by-brokerages.html.
Shares of Glencore PLC (GLNCY) traded down 0.566% during trading on Monday, hitting $7.025. 35,842 shares of the stock were exchanged. The firm has a market capitalization of $50.05 billion, a P/E ratio of 36.211 and a beta of 1.92. Glencore PLC has a 52 week low of $3.49 and a 52 week high of $8.62. The firm has a 50 day moving average price of $7.39 and a 200 day moving average price of $7.61.
About Glencore PLC
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with MarketBeat.com's FREE daily email newsletter.