Trade Report: Today, Glencore International PLC, St. Helier (GLNCY) Downgraded by Zacks Investment Research

Today, Glencore International PLC, St. Helier (GLNCY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Glencore International PLC, St. Helier (NASDAQ:GLNCY) from a hold rating to a sell rating in a research report report published on Wednesday morning.

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 research firms have also issued reports on GLNCY. Liberum Capital raised shares of Glencore International PLC, St. Helier from a sell rating to a hold rating in a research report on Thursday, September 22nd. Sanford C. Bernstein reissued an outperform rating on shares of Glencore International PLC, St. Helier in a research report on Thursday, September 22nd. Morgan Stanley lowered shares of Glencore International PLC, St. Helier from an equal weight rating to an underweight rating in a research report on Wednesday, September 21st. Societe Generale raised shares of Glencore International PLC, St. Helier from a hold rating to a buy rating in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG lowered shares of Glencore International PLC, St. Helier from an outperform rating to a neutral rating in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Glencore International PLC, St. Helier currently has an average rating of Hold and a consensus target price of $5.75.

Glencore International PLC, St. Helier (NASDAQ:GLNCY) opened at 5.53 on Wednesday. The stock’s market capitalization is $39.34 billion. The stock has a 50 day moving average of $5.13 and a 200 day moving average of $4.53. Glencore International PLC, St. Helier has a 52 week low of $1.95 and a 52 week high of $5.72.

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