Glencore PLC (OTCMKTS:GLNCY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Glencore PLC (OTCMKTS:GLNCY) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.30.

Several analysts have recently issued reports on GLNCY shares. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research note on Thursday, April 9th. Zacks Research upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group upgraded shares of Glencore to a “hold” rating in a research note on Monday, February 9th. HSBC upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, Barclays reiterated an “overweight” rating on shares of Glencore in a research note on Wednesday, February 25th.

Glencore Trading Down 4.3%

OTCMKTS GLNCY opened at $15.24 on Friday. Glencore has a 1 year low of $6.96 and a 1 year high of $16.04. The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $14.72 and a 200-day moving average price of $12.60.

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.