Glencore PLC (OTCMKTS:GLNCY) Given Consensus Rating of “Moderate Buy” by Analysts

Glencore PLC (OTCMKTS:GLNCY) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.30.

GLNCY has been the topic of a number of research reports. Citigroup restated a “buy” rating on shares of Glencore in a report on Monday, April 13th. Zacks Research upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Barclays restated an “overweight” rating on shares of Glencore in a report on Wednesday, February 25th. UBS Group upgraded Glencore to a “hold” rating in a report on Monday, February 9th. Finally, HSBC upgraded Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th.

Glencore Price Performance

Glencore stock opened at $16.61 on Wednesday. The stock’s 50-day moving average is $15.07 and its 200-day moving average is $13.09. 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 has a 12 month low of $7.40 and a 12 month high of $16.62.

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.