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

Glencore PLC (OTCMKTS:GLNCY) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.30.

A number of research analysts recently weighed in on the stock. HSBC upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research report on Thursday, April 9th. Freedom Capital downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Zacks Research downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th.

Glencore Trading Down 2.0%

Shares of Glencore stock opened at $13.43 on Friday. The company’s 50 day moving average is $15.24 and its 200 day moving average is $13.82. Glencore has a twelve month low of $7.44 and a twelve month high of $16.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.54 and a current ratio of 1.06.

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.