Glencore PLC (OTCMKTS:GLNCY) Receives $9.30 Average Price Target from Brokerages

Shares of Glencore PLC (OTCMKTS:GLNCY) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.30.

GLNCY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd. The Goldman Sachs Group upgraded Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Citigroup reaffirmed a “buy” rating on shares of Glencore in a research note on Wednesday, August 12th. Zacks Research upgraded Glencore from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research report on Monday, August 24th.

Glencore Price Performance

Shares of GLNCY opened at $15.45 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.06. Glencore has a one year low of $8.24 and a one year high of $17.05. The company has a 50-day simple moving average of $15.18 and a two-hundred day simple moving average of $14.91.

About Glencore

Glencore plc is a diversified natural resources company involved in the production, processing and marketing of commodities. Its products include copper, cobalt, zinc, nickel, ferroalloys, alumina, aluminum, coal and oil, as well as related energy products. The company also provides sourcing, logistics, storage and other marketing services that connect producers with industrial customers worldwide.

Glencore operates mines, metallurgical facilities, processing plants, refineries and other industrial assets across multiple regions, including Africa, Australia, Canada, Europe and South America.