Zacks Investment Research cut shares of Glencore International PLC, St. Helier (NASDAQ:GLNCY) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

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 also recently weighed in on GLNCY. Liberum Capital upgraded shares of Glencore International PLC, St. Helier from a sell rating to a hold rating in a report on Thursday, September 22nd. Sanford C. Bernstein reiterated an outperform rating on shares of Glencore International PLC, St. Helier in a report on Thursday, September 22nd. Morgan Stanley downgraded shares of Glencore International PLC, St. Helier from an equal weight rating to an underweight rating in a report on Wednesday, September 21st. Societe Generale upgraded shares of Glencore International PLC, St. Helier from a hold rating to a buy rating in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG downgraded shares of Glencore International PLC, St. Helier from an outperform rating to a neutral rating in a report on Monday, July 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Glencore International PLC, St. Helier has a consensus rating of Hold and an average price target of $5.75.

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

Glencore International PLC, St. Helier (NASDAQ:GLNCY) traded down 1.06% during midday trading on Wednesday, reaching $5.61. 59,695 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $5.08 and its 200 day moving average is $4.52. The firm’s market capitalization is $39.91 billion. Glencore International PLC, St. Helier has a 52 week low of $1.95 and a 52 week high of $5.72.

5 Day Chart for NASDAQ:GLNCY

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