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

Shares of Glencore plc (OTCMKTS:GLNCY) have earned a consensus recommendation of “Strong Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a strong buy recommendation.

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

Glencore Price Performance

Shares of Glencore stock opened at $7.31 on Friday. Glencore has a twelve month low of $7.19 and a twelve month high of $12.74. The firm’s 50-day moving average price is $8.35 and its 200 day moving average price is $9.34. 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.