How RBC Capital Mkts Currently Rates Glencore Intl plc (OTCMKTS:GLNCY)
RBC Capital Mkts shared with investors in a note that it have started coverage on Glencore Intl plc (OTCMKTS:GLNCY) stock, with Sector Perform rating.
From a total of 7 analysts covering Glencore Intl plc (OTCMKTS:GLNCY) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 14% of the ratings are positive. Glencore Intl plc was the topic of 9 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Investec downgraded shares on October 30 to “Sell” rating. Bank of America upgraded GLNCY stock in a recent report from September 8 to “Neutral” rating. Finally, JP Morgan upgraded the stock to “Neutral” rating in a report issued on a September 8.
The stock decreased 3.57% or $0.1 during the last trading session, striking $2.7. Approximately 771,919 shares of stock traded hands. Glencore International PLC, St. Helier (OTCMKTS:GLNCY) has declined 71.58% since April 30, 2015 and is downtrending. It has underperformed by 71.29% the S&P500.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Glencore International PLC, St. Helier (GLNCY).