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

Shares of Glencore PLC (OTCMKTS:GLNCY) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.30.

Several equities research analysts have issued reports on GLNCY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a research report on Thursday, July 30th. Zacks Research upgraded Glencore from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Freedom Capital lowered Glencore from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research note on Thursday, July 2nd. Finally, Citigroup restated a “buy” rating on shares of Glencore in a research note on Wednesday.

Glencore Price Performance

GLNCY opened at $14.86 on Monday. Glencore has a 12 month low of $7.49 and a 12 month high of $16.62. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $14.41 and a 200 day moving average of $14.52.

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.