Glencore PLC (OTCMKTS:GLNCY – Get Free Report) shares were down 4% on Monday . The company traded as low as $14.81 and last traded at $14.8280. Approximately 30,403 shares traded hands during trading, a decline of 96% from the average session volume of 802,450 shares. The stock had previously closed at $15.45.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Freedom Capital downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. Citigroup reissued a “buy” rating on shares of Glencore in a report on Wednesday, August 12th. Morgan Stanley restated an “overweight” rating on shares of Glencore in a research report on Monday, August 24th. Finally, Freedom Broker lowered shares of Glencore from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.30.
Read Our Latest Stock Report on GLNCY
Glencore Stock Up 1.7%
About Glencore
Glencore plc is a diversified natural resources company involved in the production, processing and marketing of commodities. Its products include copper, cobalt, zinc, nickel, ferroalloys, alumina, aluminum, coal and oil, as well as related energy products. The company also provides sourcing, logistics, storage and other marketing services that connect producers with industrial customers worldwide.
Glencore operates mines, metallurgical facilities, processing plants, refineries and other industrial assets across multiple regions, including Africa, Australia, Canada, Europe and South America.
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