Glencore (OTCMKTS:GLCNF) Earns “Neutral” Rating from Macquarie
Macquarie reiterated their neutral rating on shares of Glencore (OTCMKTS:GLCNF) in a research note released on Tuesday, Briefing.com Automated Import reports.
Several other equities analysts have also recently weighed in on GLCNF. BNP Paribas reiterated a neutral rating on shares of Glencore in a research report on Friday, April 26th. Societe Generale assumed coverage on PPG Industries in a research report on Tuesday. They issued a buy rating and a $138.00 price target for the company.
Shares of OTCMKTS GLCNF opened at $3.31 on Tuesday. Glencore has a fifty-two week low of $3.16 and a fifty-two week high of $5.06. The company has a fifty day moving average of $3.39.
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. 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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