Glencore PLC (OTCMKTS:GLNCY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Glencore PLC (OTCMKTS:GLNCY) have been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have issued reports on GLNCY. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a report on Monday, August 24th. The Goldman Sachs Group upgraded Glencore from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. Zacks Research raised Glencore from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Barclays reaffirmed an “overweight” rating on shares of Glencore in a research note on Tuesday, July 7th. Finally, Citigroup reissued a “buy” rating on shares of Glencore in a report on Wednesday, August 12th.

Glencore Trading Down 3.0%

Glencore stock opened at $13.84 on Friday. Glencore has a one year low of $8.66 and a one year high of $17.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 0.56. The business has a fifty day moving average of $15.29 and a two-hundred day moving average of $14.67.

Glencore Company Profile

Glencore plc is a diversified natural resources company engaged in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers worldwide.

The company produces and markets commodities including copper, cobalt, zinc, nickel, ferroalloys, aluminum, coal and oil. It also participates in the marketing and distribution of metals, minerals, crude oil, refined products, coal and agricultural goods.