UBS Group reissued their neutral rating on shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) in a research note released on Wednesday, Borsen Zeitung reports.
GLNCY has been the topic of several other research reports. Goldman Sachs Group cut GLENCORE PLC/ADR from a neutral rating to a sell rating in a report on Friday, July 19th. Clarkson Capital reiterated a buy rating on shares of GLENCORE PLC/ADR in a report on Monday, September 23rd. JPMorgan Chase & Co. reiterated a sell rating on shares of GLENCORE PLC/ADR in a report on Thursday, October 3rd. ValuEngine upgraded GLENCORE PLC/ADR from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Bank of America cut GLENCORE PLC/ADR from a buy rating to a neutral rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $8.25.
GLENCORE PLC/ADR stock opened at $5.94 on Wednesday. The business’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $6.78. The stock has a market cap of $43.32 billion, a price-to-earnings ratio of 9.28 and a beta of 1.92. GLENCORE PLC/ADR has a 12-month low of $5.29 and a 12-month high of $8.91.
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.
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