GLENCORE PLC/ADR (OTCMKTS:GLNCY) Given Average Rating of “Hold” by Analysts
GLENCORE PLC/ADR (OTCMKTS:GLNCY) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company.
Several equities research analysts recently commented on the stock. UBS Group reiterated a “neutral” rating on shares of GLENCORE PLC/ADR in a research note on Friday, June 14th. Zacks Investment Research upgraded shares of GLENCORE PLC/ADR from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lowered shares of GLENCORE PLC/ADR from a “neutral” rating to an “underweight” rating in a research note on Wednesday. BMO Capital Markets lowered shares of GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 10th. Finally, Goldman Sachs Group lowered shares of GLENCORE PLC/ADR from a “neutral” rating to a “sell” rating in a research note on Friday, July 19th.
OTCMKTS:GLNCY traded down $0.15 during midday trading on Friday, hitting $5.33. 71,020 shares of the company were exchanged, compared to its average volume of 374,694. The stock has a fifty day moving average of $6.45. GLENCORE PLC/ADR has a fifty-two week low of $5.31 and a fifty-two week high of $8.97. The company has a quick ratio of 0.59, a current ratio of 1.10 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $38.47 billion, a P/E ratio of 8.33 and a beta of 1.86.
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.
Further Reading: What does an equal weight rating mean?
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