Glencore PLC (OTCMKTS:GLNCY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Glencore PLC (OTCMKTS:GLNCY) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.30.

A number of brokerages have weighed in on GLNCY. Morgan Stanley restated an “overweight” rating on shares of Glencore in a research note on Thursday, April 9th. Barclays reiterated an “overweight” rating on shares of Glencore in a report on Wednesday, February 25th. Zacks Research raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a research report on Wednesday, February 4th. Finally, Citigroup reissued a “buy” rating on shares of Glencore in a research report on Monday, April 13th.

Glencore Stock Performance

Shares of OTCMKTS GLNCY opened at $16.61 on Wednesday. Glencore has a fifty-two week low of $7.40 and a fifty-two week high of $16.62. The business has a 50 day moving average price of $15.07 and a two-hundred day moving average price of $13.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.54 and a current ratio of 1.06.

About Glencore

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.