Brokerages Set Glencore PLC (OTCMKTS:GLNCY) Price Target at $9.30

Glencore PLC (OTCMKTS:GLNCY) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.30.

A number of research firms have commented on GLNCY. Zacks Research lowered shares of Glencore from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research note on Thursday, July 2nd. Citigroup reissued a “buy” rating on shares of Glencore in a research note on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research report on Thursday, April 9th. Finally, HSBC raised Glencore from a “hold” rating to a “buy” rating in a report on Tuesday, April 14th.

Glencore Stock Down 0.1%

Shares of GLNCY opened at $14.28 on Thursday. The company’s 50 day simple moving average is $14.67 and its 200-day simple moving average is $14.29. Glencore has a 12-month low of $7.44 and a 12-month high of $16.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.54 and a current ratio of 1.06.

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.