Glencore plc (OTCMKTS:GLNCY) Receives Average Rating of “Strong Buy” from Analysts

Shares of Glencore plc (OTCMKTS:GLNCY) have been given a consensus recommendation of “Strong Buy” by the six analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a strong buy recommendation.

GLNCY has been the subject of several analyst reports. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Berenberg Bank raised shares of Glencore to a “strong-buy” rating in a research note on Tuesday, March 11th.

Glencore Price Performance

OTCMKTS GLNCY opened at $7.50 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67. Glencore has a fifty-two week low of $7.50 and a fifty-two week high of $12.74. The business has a fifty day moving average of $8.38 and a 200-day moving average of $9.36.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.