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

Glencore plc (OTCMKTS:GLNCY) has been assigned an average recommendation of “Strong Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a strong buy rating.

A number of brokerages recently commented on GLNCY. Barclays raised Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Hsbc Global Res raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th.

Glencore Stock Up 0.7 %

Shares of GLNCY opened at $9.02 on Monday. Glencore has a 12 month low of $8.66 and a 12 month high of $12.74. The stock’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $10.28.

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.