GLENCORE PLC/ADR (OTCMKTS:GLNCY) – Jefferies Financial Group upped their FY2019 earnings estimates for GLENCORE PLC/ADR in a research report issued to clients and investors on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now expects that the energy company will post earnings of $0.88 per share for the year, up from their prior estimate of $0.86. Jefferies Financial Group also issued estimates for GLENCORE PLC/ADR’s FY2020 earnings at $1.08 EPS and FY2021 earnings at $1.22 EPS.
Several other research analysts have also recently weighed in on GLNCY. Zacks Investment Research cut shares of GLENCORE PLC/ADR from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Deutsche Bank reissued a “buy” rating on shares of GLENCORE PLC/ADR in a report on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $8.25.
About GLENCORE PLC/ADR
Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. 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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