Glencore PLC (GLNCY) Receives Consensus Rating of “Buy” from Analysts
Glencore PLC (OTCMKTS:GLNCY) has earned an average rating of “Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.00.
GLNCY has been the topic of several research analyst reports. Zacks Investment Research raised shares of Glencore PLC from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Friday, April 21st. Bank of America Corporation cut shares of Glencore PLC from a “buy” rating to a “neutral” rating in a research note on Monday, June 26th.
Shares of Glencore PLC (GLNCY) traded down 0.99% during midday trading on Tuesday, reaching $8.50. The company had a trading volume of 81,436 shares. The company has a market capitalization of $60.61 billion, a P/E ratio of 14.55 and a beta of 2.06. Glencore PLC has a 12 month low of $4.46 and a 12 month high of $9.00. The firm’s 50 day moving average price is $8.23 and its 200-day moving average price is $7.85.
The business also recently announced a None dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 8th will be given a dividend of $0.056 per share. The ex-dividend date is Thursday, September 7th.
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Glencore PLC Company Profile
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