Glencore PLC (GLNCY) Rating Lowered to Sell at Liberum Capital
Glencore PLC (OTC:GLNCY) was downgraded by research analysts at Liberum Capital from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports.
Separately, Deutsche Bank AG raised shares of Glencore PLC from a “hold” rating to a “buy” rating in a research report on Monday, September 25th.
Shares of Glencore PLC (GLNCY) remained flat at $9.93 during midday trading on Thursday. 85,502 shares of the company’s stock traded hands. The company has a market cap of $70.81 billion, a PE ratio of 17.00 and a beta of 2.04. The company has a 50-day moving average of $9.57 and a 200 day moving average of $8.37. Glencore PLC has a 12 month low of $5.74 and a 12 month high of $10.22.
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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