Glencore PLC (OTCMKTS:GLNCY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Glencore PLC (OTCMKTS:GLNCY) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.30.

A number of equities analysts have commented on GLNCY shares. Zacks Research cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a research note on Friday, May 15th. Freedom Capital cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. HSBC upgraded shares of Glencore from a “hold” rating to a “buy” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Glencore in a report on Thursday, April 9th.

Glencore Stock Down 2.0%

GLNCY opened at $13.43 on Friday. The company has a fifty day moving average of $15.24 and a 200 day moving average of $13.82. Glencore has a fifty-two week low of $7.44 and a fifty-two week high of $16.62. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 0.84.

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.