GLENCORE PLC/ADR (OTCMKTS:GLNCY) Receives Consensus Rating of “Hold” from Brokerages
GLENCORE PLC/ADR (OTCMKTS:GLNCY) has earned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company.
Several brokerages recently issued reports on GLNCY. Morgan Stanley reissued an “overweight” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, June 23rd. Royal Bank of Canada lowered shares of GLENCORE PLC/ADR from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, March 11th. Jefferies Financial Group lowered shares of GLENCORE PLC/ADR from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Credit Suisse Group lowered shares of GLENCORE PLC/ADR from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Zacks Investment Research lowered shares of GLENCORE PLC/ADR from a “buy” rating to a “hold” rating in a research note on Monday, June 8th.
Shares of GLNCY traded up $0.04 during trading hours on Tuesday, hitting $4.10. 162,434 shares of the stock were exchanged, compared to its average volume of 320,035. GLENCORE PLC/ADR has a fifty-two week low of $2.51 and a fifty-two week high of $7.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 0.56. The business has a 50-day moving average of $3.92 and a 200-day moving average of $4.62. The firm has a market capitalization of $29.90 billion, a P/E ratio of 12.81 and a beta of 1.96.
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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