Glencore (OTCMKTS:GLNCY) Stock Rating Lowered by Hsbc Global Res

Glencore (OTCMKTS:GLNCY) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a report on Thursday, January 8th. HSBC downgraded shares of Glencore to a “hold” rating in a research note on Monday. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research report on Tuesday, December 16th. Finally, Barclays reissued an “overweight” rating on shares of Glencore in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Glencore Trading Down 0.3%

OTCMKTS:GLNCY opened at $13.58 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58. The business’s fifty day moving average price is $10.85 and its 200 day moving average price is $9.39. Glencore has a 12 month low of $5.74 and a 12 month high of $13.82.

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.