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

Glencore PLC (OTCMKTS:GLNCY) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.30.

A number of equities analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Glencore in a research note on Wednesday, August 12th. Zacks Research raised Glencore from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. The Goldman Sachs Group upgraded Glencore from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. Freedom Capital cut Glencore from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th.

Glencore Price Performance

GLNCY stock opened at $16.20 on Monday. Glencore has a 1 year low of $7.49 and a 1 year high of $16.62. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $14.41 and a 200 day simple moving average of $14.58.

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.