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

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

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

Glencore Price Performance

Shares of GLNCY opened at $6.00 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. Glencore has a twelve month low of $5.96 and a twelve month high of $12.74. The company has a 50 day moving average of $8.15 and a two-hundred day moving average of $9.27.

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.