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

Shares of Glencore PLC (OTCMKTS:GLNCY) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.30.

Several brokerages have recently issued reports on GLNCY. Hsbc Global Res lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a research note on Wednesday. Sanford C. Bernstein cut Glencore from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a research note on Thursday, January 8th. Finally, HSBC lowered shares of Glencore to a “hold” rating in a research report on Monday.

Glencore Price Performance

OTCMKTS:GLNCY opened at $13.92 on Thursday. Glencore has a one year low of $5.74 and a one year high of $14.00. The business has a fifty day moving average price of $11.04 and a 200-day moving average price of $9.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 1.15.

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.