GLENCORE PLC/ADR (GLNCY) Stock Rating Upgraded by Zacks Investment Research

GLENCORE PLC/ADR (OTCMKTS:GLNCY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $8.25 price target on the energy company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.41% from the company’s previous close.

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. “

Separately, Deutsche Bank restated a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. GLENCORE PLC/ADR currently has a consensus rating of “Buy” and an average target price of $8.25.

GLNCY opened at $7.61 on Tuesday. GLENCORE PLC/ADR has a 52-week low of $6.72 and a 52-week high of $11.40. The stock has a market cap of $54.96 billion, a P/E ratio of 9.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.55 and a current ratio of 1.08.


Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products 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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