Glencore plc (OTCMKTS:GLNCY) Given Average Recommendation of “Strong Buy” by Brokerages

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

Several analysts have issued reports on the company. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, Barclays raised shares of Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th.

Glencore Stock Performance

OTCMKTS GLNCY opened at $8.74 on Friday. Glencore has a 1 year low of $8.29 and a 1 year high of $12.74. The business’s fifty day moving average is $9.08 and its two-hundred day moving average is $9.94. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Glencore Company Profile

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.