Glencore plc (OTCMKTS:GLNCY) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of Glencore plc (OTCMKTS:GLNCY) have received an average recommendation of “Strong Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a strong buy recommendation.

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

Glencore Stock Performance

Shares of OTCMKTS GLNCY opened at $8.88 on Thursday. Glencore has a 1-year low of $8.69 and a 1-year high of $12.74. The business has a fifty day moving average price of $9.89 and a 200 day moving average price of $10.61.

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.