Zacks Investment Research upgraded shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) from a sell rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.
According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “
Several other research firms have also recently weighed in on GLNCY. UBS Group reaffirmed a neutral rating on shares of GLENCORE PLC/ADR in a research note on Wednesday, October 9th. Clarkson Capital reiterated a buy rating on shares of GLENCORE PLC/ADR in a report on Monday, September 23rd. Bank of America lowered GLENCORE PLC/ADR from a buy rating to a neutral rating in a report on Friday, August 16th. ValuEngine upgraded GLENCORE PLC/ADR from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reiterated a sell rating on shares of GLENCORE PLC/ADR in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $8.25.
GLENCORE PLC/ADR Company Profile
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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