Glencore PLC (GLNCY) Given Consensus Recommendation of “Buy” by Analysts
Glencore PLC (OTCMKTS:GLNCY) has been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.00.
A number of equities analysts have recently weighed in on GLNCY shares. Zacks Investment Research cut shares of Glencore PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Bank of America Corporation downgraded shares of Glencore PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 26th. Finally, Deutsche Bank AG upgraded shares of Glencore PLC from a “hold” rating to a “buy” rating in a research note on Monday, September 25th.
COPYRIGHT VIOLATION NOTICE: “Glencore PLC (GLNCY) Given Consensus Recommendation of “Buy” by Analysts” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/04/glencore-plc-glncy-given-consensus-recommendation-of-buy-by-analysts.html.
Shares of Glencore PLC (GLNCY) traded up 1.71% during midday trading on Wednesday, reaching $9.50. 46,523 shares of the company traded hands. The stock has a market capitalization of $67.74 billion, a P/E ratio of 16.27 and a beta of 2.04. The stock’s 50-day moving average is $9.23 and its 200-day moving average is $8.16. Glencore PLC has a 1-year low of $5.28 and a 1-year high of $9.87.
The company also recently disclosed a None dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 8th will be paid a $0.056 dividend. The ex-dividend date is Thursday, September 7th.
About Glencore PLC
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.
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.