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

Glencore PLC (OTCMKTS:GLNCY) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $9.30.

A number of brokerages have commented on GLNCY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Glencore in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Glencore in a report on Friday, January 30th. Berenberg Bank upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. UBS Group upgraded shares of Glencore to a “hold” rating in a research note on Monday, February 9th. Finally, HSBC downgraded shares of Glencore to a “hold” rating in a report on Monday, January 26th.

Glencore Stock Up 0.3%

OTCMKTS:GLNCY opened at $14.34 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 0.87. Glencore has a 12 month low of $5.74 and a 12 month high of $14.67. The firm has a fifty day simple moving average of $12.77 and a 200-day simple moving average of $10.33.

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.