Glencore PLC (GLNCY) Receives Consensus Rating of “Buy” from Analysts
Shares of Glencore PLC (OTCMKTS:GLNCY) have earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.00.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Glencore PLC from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, August 23rd. Bank of America Corporation cut Glencore PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 26th.
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Glencore PLC (OTCMKTS GLNCY) traded down 1.04% during trading on Friday, hitting $9.52. The stock had a trading volume of 82,677 shares. The company has a market cap of $67.88 billion, a price-to-earnings ratio of 16.30 and a beta of 2.00. The firm’s 50-day moving average price is $8.89 and its 200-day moving average price is $8.00. Glencore PLC has a 52-week low of $4.60 and a 52-week high of $9.67.
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 issued a dividend of $0.056 per share. The ex-dividend date of this dividend is Thursday, September 7th.
Glencore PLC Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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