BMO Capital Markets Lowers GLENCORE PLC/ADR (OTCMKTS:GLNCY) to Market Perform

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BMO Capital Markets cut shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday morning, The Fly reports.

Several other research firms have also recently commented on GLNCY. Zacks Investment Research raised Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 price objective on the stock in a research report on Wednesday, June 12th. Goldman Sachs Group raised Martin Marietta Materials from a neutral rating to a buy rating and increased their price objective for the company from $207.00 to $232.00 in a research report on Thursday, April 11th. Royal Bank of Canada set a $30.00 price objective on Shaw Communications and gave the company a buy rating in a research report on Wednesday, April 10th. Finally, UBS Group dropped their price objective on Broadcom from $325.00 to $310.00 and set a buy rating on the stock in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $8.25.

OTCMKTS GLNCY opened at $6.66 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.59 and a current ratio of 1.10. GLENCORE PLC/ADR has a 12 month low of $6.31 and a 12 month high of $8.97. The stock has a market capitalization of $47.69 billion, a PE ratio of 10.41 and a beta of 1.82. The business has a fifty day moving average of $6.74.

GLENCORE PLC/ADR Company Profile

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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