Glencore PLC (GLNCY) Receives $10.00 Average Price Target from Analysts

Glencore PLC (OTCMKTS:GLNCY) has earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.00.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Glencore PLC from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday. Bank of America Corporation cut shares of Glencore PLC from a “buy” rating to a “neutral” rating in a research note on Monday, June 26th.

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Shares of Glencore PLC (OTCMKTS:GLNCY) traded down 2.00% during midday trading on Friday, hitting $8.31. The company’s stock had a trading volume of 58,529 shares. The company has a market cap of $59.21 billion, a P/E ratio of 42.84 and a beta of 2.06. Glencore PLC has a 1-year low of $4.46 and a 1-year high of $9.00. The company has a 50-day moving average price of $8.15 and a 200 day moving average price of $7.85.

The company also recently declared a None dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 8th will be given a dividend of $0.056 per share. The ex-dividend date of this dividend is Thursday, September 7th.

Glencore PLC Company Profile

Analyst Recommendations for Glencore PLC (OTCMKTS:GLNCY)

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