Glencore PLC (OTCMKTS:GLNCY) Receives $9.30 Consensus PT from Analysts

Shares of Glencore PLC (OTCMKTS:GLNCY) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.30.

Several research firms have issued reports on GLNCY. Barclays restated an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a research report on Thursday, January 8th. HSBC downgraded shares of Glencore to a “hold” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Friday. Finally, Sanford C. Bernstein downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd.

Glencore Price Performance

Shares of OTCMKTS:GLNCY opened at $13.58 on Thursday. Glencore has a 12 month low of $5.74 and a 12 month high of $14.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 1.15. The business has a 50-day moving average of $11.24 and a two-hundred day moving average of $9.54.

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.