Analysts Set Glencore PLC (GLNCY) Target Price at $10.00
Shares of Glencore PLC (OTCMKTS:GLNCY) have earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.00.
A number of equities research analysts have issued reports on the stock. Bank of America Corporation lowered shares of Glencore PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 26th. Zacks Investment Research raised shares of Glencore PLC from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Deutsche Bank AG raised shares of Glencore PLC from a “hold” rating to a “buy” rating in a report on Monday, September 25th.
Glencore PLC (OTCMKTS:GLNCY) traded down 1.615% during trading on Wednesday, hitting $9.445. 101,331 shares of the stock traded hands. The firm has a 50-day moving average price of $9.31 and a 200 day moving average price of $8.19. Glencore PLC has a 52-week low of $5.28 and a 52-week high of $9.87. The company has a market cap of $67.35 billion, a P/E ratio of 16.173 and a beta of 2.04.
The company also recently announced a None dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 8th will be given a dividend of $0.056 per share. The ex-dividend date of this dividend is Thursday, September 7th.
Glencore PLC Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities 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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