Zacks Investment Research upgraded shares of Glencore International PLC, St. Helier (OTCMKTS:GLNCY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The firm currently has $12.00 target price on the energy company’s stock.

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. “

Other analysts have also issued reports about the stock. Deutsche Bank upgraded shares of Glencore International PLC, St. Helier from a hold rating to a buy rating in a research note on Monday, September 25th. JPMorgan Chase & Co. upgraded shares of Glencore International PLC, St. Helier from a neutral rating to an overweight rating in a research note on Friday, December 15th. Finally, Liberum Capital lowered shares of Glencore International PLC, St. Helier from a hold rating to a sell rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Glencore International PLC, St. Helier currently has an average rating of Buy and an average target price of $12.00.

Glencore International PLC, St. Helier (OTCMKTS:GLNCY) traded up $0.08 during mid-day trading on Wednesday, hitting $11.03. 613,389 shares of the company were exchanged, compared to its average volume of 198,888. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.57 and a current ratio of 1.05. Glencore International PLC, St. Helier has a 12-month low of $6.90 and a 12-month high of $11.07.

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About Glencore International PLC, St. Helier

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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Analyst Recommendations for Glencore International PLC, St. Helier (OTCMKTS:GLNCY)

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