Glencore PLC (OTCMKTS:GLNCY) Receives $9.30 Consensus PT from Analysts

Shares of Glencore PLC (OTCMKTS:GLNCY) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.30.

A number of research analysts have weighed in on GLNCY shares. UBS Group raised shares of Glencore to a “hold” rating in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Friday, January 30th. Berenberg Bank upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a report on Wednesday, January 28th. Finally, Barclays reissued an “overweight” rating on shares of Glencore in a research report on Wednesday.

Glencore Price Performance

OTCMKTS:GLNCY opened at $14.48 on Monday. Glencore has a twelve month low of $5.74 and a twelve month high of $14.67. The company’s 50-day moving average price is $12.61 and its 200-day moving average price is $10.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58.

Glencore Company Profile

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.