Glencore PLC (OTCMKTS:GLNCY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Glencore PLC (OTCMKTS:GLNCY) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.30.

Several research firms have recently weighed in on GLNCY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd. Barclays reaffirmed an “overweight” rating on shares of Glencore in a research note on Tuesday, July 7th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research report on Thursday, April 9th. The Goldman Sachs Group raised shares of Glencore from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Finally, Zacks Research lowered Glencore from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th.

Glencore Trading Up 2.1%

Shares of GLNCY opened at $14.34 on Thursday. The business’s 50-day moving average price is $14.72 and its 200 day moving average price is $14.27. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 0.54. Glencore has a 1-year low of $7.44 and a 1-year high of $16.62.

Glencore Company Profile

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.