GLENCORE PLC/ADR (OTCMKTS:GLNCY) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other analysts also recently commented on GLNCY. Goldman Sachs Group downgraded shares of GLENCORE PLC/ADR from a “neutral” rating to a “sell” rating in a research report on Friday, July 19th. UBS Group restated a “neutral” rating on shares of GLENCORE PLC/ADR in a research report on Friday, June 14th. Zacks Investment Research upgraded shares of GLENCORE PLC/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets downgraded shares of GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. GLENCORE PLC/ADR currently has a consensus rating of “Hold” and an average price target of $8.25.
GLNCY stock traded down $0.18 on Wednesday, hitting $5.48. The company’s stock had a trading volume of 199,229 shares, compared to its average volume of 292,587. The firm’s 50 day simple moving average is $6.45. GLENCORE PLC/ADR has a 1 year low of $5.31 and a 1 year high of $8.97. The stock has a market capitalization of $39.52 billion, a PE ratio of 8.56 and a beta of 1.86. The company has a current ratio of 1.10, a quick ratio of 0.59 and a debt-to-equity ratio of 0.59.
About GLENCORE PLC/ADR
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. 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.
See Also: Liquidity
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