Glencore PLC (GLNCY) Raised to Buy at Jefferies Group
Jefferies Group upgraded shares of Glencore PLC (OTCMKTS:GLNCY) from a hold rating to a buy rating in a research report report published on Thursday, StockTargetPrices.com reports.
Several other analysts also recently issued reports on the stock. Liberum Capital raised shares of Glencore PLC from a sell rating to a hold rating in a report on Thursday, September 22nd. Morgan Stanley downgraded shares of Glencore PLC from an equal weight rating to an underweight rating in a report on Wednesday, September 21st. Societe Generale raised shares of Glencore PLC from a hold rating to a buy rating in a report on Tuesday, August 2nd. Credit Suisse Group AG downgraded shares of Glencore PLC from an outperform rating to a neutral rating in a report on Monday, July 18th. Finally, Citigroup Inc. reissued a neutral rating on shares of Glencore PLC in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $5.00.
Glencore PLC (OTCMKTS:GLNCY) opened at 7.03 on Thursday. Glencore PLC has a 1-year low of $1.95 and a 1-year high of $7.15. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.
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