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

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

A number of research firms have recently weighed in on GLNCY. Citigroup reissued a “buy” rating on shares of Glencore in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a research note on Thursday, July 2nd. Barclays reaffirmed an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Glencore in a report on Monday, August 24th.

Glencore Stock Down 5.1%

GLNCY opened at $16.14 on Friday. The business has a fifty day simple moving average of $14.97 and a 200 day simple moving average of $14.86. Glencore has a 1 year low of $7.93 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.06.

Glencore Company Profile

Glencore plc is a diversified natural resources company involved in the production, processing and marketing of commodities. Its products include copper, cobalt, zinc, nickel, ferroalloys, alumina, aluminum, coal and oil, as well as related energy products. The company also provides sourcing, logistics, storage and other marketing services that connect producers with industrial customers worldwide.

Glencore operates mines, metallurgical facilities, processing plants, refineries and other industrial assets across multiple regions, including Africa, Australia, Canada, Europe and South America.