Glencore PLC (OTCMKTS:GLNCY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Glencore PLC (OTCMKTS:GLNCY) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.30.

Several brokerages recently issued reports on GLNCY. UBS Group raised shares of Glencore to a “hold” rating in a research note on Monday, February 9th. HSBC lowered shares of Glencore to a “hold” rating in a report on Monday, January 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a research note on Wednesday, February 4th. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Finally, Barclays reaffirmed an “overweight” rating on shares of Glencore in a research note on Monday, December 8th.

Glencore Trading Up 0.3%

Shares of GLNCY stock opened at $13.69 on Monday. The firm has a 50 day moving average of $12.37 and a 200-day moving average of $10.11. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. Glencore has a 52 week low of $5.74 and a 52 week high of $14.67.

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.