Glencore PLC (GLNCY) Cut to Sell at Liberum Capital
Glencore PLC (OTCMKTS:GLNCY) was downgraded by equities research analysts at Liberum Capital from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
A number of other equities analysts have also weighed in on GLNCY. Zacks Investment Research upgraded Glencore PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Deutsche Bank AG upgraded Glencore PLC from a “hold” rating to a “buy” rating in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Glencore PLC has an average rating of “Buy” and a consensus target price of $10.00.
Glencore PLC (OTCMKTS GLNCY) traded down 0.10% during mid-day trading on Thursday, reaching $9.92. The company’s stock had a trading volume of 27,910 shares. The company has a 50 day moving average of $9.57 and a 200-day moving average of $8.37. Glencore PLC has a 52-week low of $5.74 and a 52-week high of $10.22. The stock has a market cap of $70.73 billion, a PE ratio of 16.99 and a beta of 2.04.
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.
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