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

Shares of Glencore PLC (OTCMKTS:GLNCY) have earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.30.

A number of equities research analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of Glencore in a research report on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research report on Thursday, April 9th. HSBC raised shares of Glencore from a “hold” rating to a “buy” rating in a report on Tuesday, April 14th. Zacks Research upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Barclays restated an “overweight” rating on shares of Glencore in a research report on Wednesday, February 25th.

Glencore Stock Down 3.4%

GLNCY opened at $15.24 on Wednesday. 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 has a 1-year low of $7.40 and a 1-year high of $16.62. The business has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $13.36.

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.