Glencore PLC (OTCMKTS:GLNCY) Stock Has Average Target Price of $9.30

Shares of Glencore PLC (OTCMKTS:GLNCY) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts have recently issued reports on GLNCY shares. The Goldman Sachs Group raised Glencore from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Freedom Broker downgraded shares of Glencore from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, September 3rd. UBS Group raised shares of Glencore from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Freedom Capital cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a research report on Thursday, July 30th.

Glencore Stock Down 0.5%

OTCMKTS:GLNCY opened at $15.41 on Tuesday. Glencore has a twelve month low of $8.66 and a twelve month high of $17.05. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $15.03.

Glencore Company Profile

Glencore plc is a diversified natural resources company involved in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world through a global network of assets, offices and logistics operations.

The company produces and markets commodities including copper, cobalt, nickel, zinc, lead, ferroalloys and coal. It also participates in the marketing and distribution of crude oil, refined petroleum products and other energy-related commodities.