Glencore PLC (OTCMKTS:GLNCY) Receives Average Rating of “Moderate Buy” from Analysts

Glencore PLC (OTCMKTS:GLNCY) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.30.

GLNCY has been the subject of a number of research reports. Hsbc Global Res lowered Glencore from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research report on Wednesday, January 28th. HSBC downgraded shares of Glencore to a “hold” rating in a research report on Monday, January 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research report on Wednesday. Finally, Berenberg Bank raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th.

Glencore Trading Down 4.9%

Shares of Glencore stock opened at $13.50 on Thursday. Glencore has a 12 month low of $5.74 and a 12 month high of $14.67. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $9.66.

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.