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

Glencore plc (OTCMKTS:GLNCY) has been given an average recommendation of “Strong Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a strong buy recommendation.

Several research firms recently issued reports on GLNCY. BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Berenberg Bank raised shares of Glencore to a “strong-buy” rating in a research note on Tuesday, March 11th.

Glencore Price Performance

Shares of GLNCY opened at $7.31 on Friday. Glencore has a 52-week low of $7.19 and a 52-week high of $12.74. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $8.35 and a two-hundred day simple moving average of $9.34.

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.