Glencore PLC (OTCMKTS:GLNCY) Receives $9.30 Consensus PT from Brokerages

Glencore PLC (OTCMKTS:GLNCY) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.30.

Several analysts have recently weighed in on GLNCY shares. Citigroup restated a “buy” rating on shares of Glencore in a research report on Friday, September 26th. Barclays restated an “overweight” rating on shares of Glencore in a research report on Monday, December 8th. Sanford C. Bernstein cut Glencore from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. UBS Group cut Glencore from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Berenberg Bank upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th.

Glencore Price Performance

Shares of Glencore stock opened at $11.49 on Friday. Glencore has a 1 year low of $5.74 and a 1 year high of $11.54. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 0.87. The company has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $8.91.

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.