Glencore International PLC, St. Helier (GLNCY) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Glencore International PLC, St. Helier (OTCMKTS:GLNCY) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $12.00 price objective on the energy company’s stock.
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. “
A number of other brokerages have also issued reports on GLNCY. Liberum Capital lowered Glencore International PLC, St. Helier from a hold rating to a sell rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. raised Glencore International PLC, St. Helier from a neutral rating to an overweight rating in a research report on Friday, December 15th. Finally, Deutsche Bank raised Glencore International PLC, St. Helier from a hold rating to a buy rating in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $12.00.
Glencore International PLC, St. Helier 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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