Bank of America Corporation Lowers Glencore PLC (GLNCY) to Neutral

Bank of America Corporation lowered shares of Glencore PLC (OTCMKTS:GLNCY) from a buy rating to a neutral rating in a research report sent to investors on Monday.

A number of other equities analysts have also 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 $8.50 price objective on the stock in a research note on Friday, April 21st. J P Morgan Chase & Co raised shares of Glencore PLC from an underweight rating to a neutral rating in a research note on Tuesday, March 7th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Glencore PLC from a neutral rating to a buy rating in a research note on Wednesday, March 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $8.25.

Shares of Glencore PLC (OTCMKTS:GLNCY) opened at 7.355 on Monday. The firm has a market capitalization of $52.41 billion, a P/E ratio of 37.912 and a beta of 1.92. The firm has a 50-day moving average price of $7.39 and a 200-day moving average price of $7.61. Glencore PLC has a 52-week low of $3.49 and a 52-week high of $8.62.

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Analyst Recommendations for Glencore PLC (OTCMKTS:GLNCY)

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