Glencore (OTCMKTS:GLNCY - Get Free Report) was downgraded by equities researchers at Berenberg Bank from a "strong-buy" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.
Several other brokerages have also commented on GLNCY. Citigroup reiterated a "buy" rating on shares of Glencore in a report on Friday, September 26th. The Goldman Sachs Group downgraded Glencore to a "neutral" rating in a research report on Thursday, August 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Glencore in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $9.30.
View Our Latest Stock Analysis on GLNCY
Glencore Trading Down 0.4%
GLNCY opened at $9.49 on Wednesday. The business's 50-day moving average is $8.23 and its two-hundred day moving average is $7.71. Glencore has a 1 year low of $5.74 and a 1 year high of $11.10.
Glencore Company Profile
(
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Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.
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