Analysts Set Glencore PLC (OTCMKTS:GLNCY) Price Target at $9.30

Glencore PLC (OTCMKTS:GLNCY) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.30.

A number of equities analysts have recently issued reports on GLNCY shares. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a report on Thursday. Citigroup restated a “buy” rating on shares of Glencore in a research report on Monday, April 13th. Freedom Capital lowered Glencore from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, HSBC upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research report on Tuesday, April 14th.

Glencore Stock Performance

GLNCY opened at $13.61 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 0.54. Glencore has a 52 week low of $7.44 and a 52 week high of $16.62. The business’s fifty day simple moving average is $15.10 and its 200 day simple moving average is $13.94.

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.