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

Glencore PLC (OTCMKTS:GLNCY) has been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.30.

GLNCY has been the topic of several analyst reports. UBS Group lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Hsbc Global Res cut Glencore from a “strong-buy” rating to a “hold” rating in a research note on Monday. Sanford C. Bernstein lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, HSBC lowered shares of Glencore to a “hold” rating in a research report on Monday.

Glencore Price Performance

OTCMKTS GLNCY opened at $13.92 on Thursday. The company has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $9.46. Glencore has a 1 year low of $5.74 and a 1 year high of $14.00. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87.

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.