Glencore plc (OTCMKTS:GLNCY) Receives Consensus Recommendation of “Strong Buy” from Analysts

Glencore plc (OTCMKTS:GLNCY) has been assigned a consensus recommendation of “Strong Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a strong buy recommendation.

GLNCY has been the topic of a number of recent analyst reports. Barclays raised Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Hsbc Global Res raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th.

Glencore Price Performance

Shares of GLNCY opened at $8.74 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. The stock has a fifty day moving average price of $9.08 and a 200 day moving average price of $9.94. Glencore has a 12 month low of $8.29 and a 12 month high of $12.74.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.