Glencore PLC (OTCMKTS:GLNCY) Given Average Rating of “Moderate Buy” by Brokerages

Glencore PLC (OTCMKTS:GLNCY) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.30.

GLNCY has been the subject of a number of recent research reports. Berenberg Bank raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. UBS Group downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research report on Tuesday, December 16th. Citigroup restated a “buy” rating on shares of Glencore in a research note on Friday, September 26th. Finally, Sanford C. Bernstein downgraded Glencore from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd.

Glencore Price Performance

Glencore stock opened at $11.02 on Friday. The company’s 50-day moving average price is $9.83 and its two-hundred day moving average price is $8.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58. Glencore has a twelve month low of $5.74 and a twelve month high of $11.19.

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.