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

Glencore plc (OTCMKTS:GLNCY) has been given an average recommendation of “Strong Buy” by the five ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a strong buy rating.

A number of analysts have recently weighed in on GLNCY shares. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th.

Glencore Stock Up 1.3 %

GLNCY opened at $8.66 on Friday. The business has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $9.86. Glencore has a 1 year low of $8.29 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

About Glencore

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.