Glencore PLC (OTCMKTS:GLNCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $10.00 target price on the energy company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.16% from the stock’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, Bank of America Corporation downgraded Glencore PLC from a “buy” rating to a “neutral” rating in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $10.00.

Shares of Glencore PLC (OTCMKTS:GLNCY) opened at 8.76 on Tuesday. Glencore PLC has a 52-week low of $4.46 and a 52-week high of $8.89. The stock’s 50 day moving average is $7.83 and its 200-day moving average is $7.80. The firm has a market cap of $62.42 billion, a P/E ratio of 45.15 and a beta of 2.06.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Glencore PLC (GLNCY) to Buy” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at

Analyst Recommendations for Glencore PLC (OTCMKTS:GLNCY)

Receive News & Stock Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related stocks with our FREE daily email newsletter.