Glencore PLC (OTCMKTS:GLNCY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Glencore PLC (OTCMKTS:GLNCY) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $9.30.

Several brokerages have recently commented on GLNCY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a report on Friday. Sanford C. Bernstein lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. UBS Group cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. HSBC lowered shares of Glencore to a “hold” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a report on Thursday, January 8th.

Glencore Price Performance

GLNCY stock opened at $13.64 on Thursday. The business has a fifty day moving average price of $11.33 and a 200 day moving average price of $9.59. 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 fifty-two week low of $5.74 and a fifty-two week high of $14.67.

About Glencore

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.