Glencore PLC (OTCMKTS:GLNCY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Glencore PLC (OTCMKTS:GLNCY) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.30.

Several equities research analysts have commented on GLNCY shares. Zacks Research cut shares of Glencore from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Glencore in a research note on Thursday, July 2nd. Freedom Capital downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research note on Thursday, April 9th. Finally, HSBC upgraded shares of Glencore from a “hold” rating to a “buy” rating in a report on Tuesday, April 14th.

Glencore Stock Performance

Shares of Glencore stock opened at $14.34 on Thursday. The business has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $14.27. Glencore has a fifty-two week low of $7.44 and a fifty-two week 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.