Glencore PLC (OTCMKTS:GLNCY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Glencore PLC (OTCMKTS:GLNCY) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.30.

A number of research firms recently weighed in on GLNCY. Morgan Stanley restated an “overweight” rating on shares of Glencore in a report on Tuesday, December 16th. UBS Group cut Glencore from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein lowered Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Finally, Citigroup restated a “buy” rating on shares of Glencore in a report on Friday, September 26th.

Glencore Stock Performance

Shares of GLNCY opened at $11.02 on Friday. 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 12-month low of $5.74 and a 12-month high of $11.19. The business has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $8.85.

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.