Glencore plc (OTCMKTS:GLNCY) Given Average Rating of “Strong Buy” by Analysts

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

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

Glencore Price Performance

Shares of Glencore stock opened at $8.67 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Glencore has a 52-week low of $8.29 and a 52-week high of $12.74. The stock has a 50-day simple moving average of $9.04 and a 200-day simple moving average of $9.89.

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.