Glencore plc (OTCMKTS:GLNCY) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Glencore plc (OTCMKTS:GLNCY) have been given an average recommendation of “Strong Buy” by the five research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a strong buy recommendation.

GLNCY has been the topic of a number of recent research reports. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Barclays raised Glencore to a “strong-buy” rating in a report on Wednesday, October 16th.

Glencore Stock Down 0.6 %

Shares of GLNCY stock opened at $9.18 on Monday. The stock has a fifty day moving average price of $9.26 and a 200 day moving average price of $10.24. Glencore has a one year low of $8.66 and a one year high of $12.74.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.