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

Glencore PLC (OTCMKTS:GLNCY) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.30.

GLNCY has been the subject of a number of analyst reports. Freedom Capital downgraded Glencore from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research raised shares of Glencore from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Barclays reaffirmed an “overweight” rating on shares of Glencore in a report on Tuesday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a report on Thursday, July 2nd.

Glencore Stock Performance

Shares of GLNCY opened at $16.20 on Monday. Glencore has a 52 week low of $7.49 and a 52 week high of $16.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.06. The stock’s 50-day moving average price is $14.41 and its 200-day moving average price is $14.58.

Glencore Company Profile

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.