Glencore PLC (OTCMKTS:GLNCY) Stock Has Consensus Price Target of $9.30 According to Brokerages

Glencore PLC (OTCMKTS:GLNCY) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities research analysts have issued reports on the stock. UBS Group upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research note on Friday, September 25th. Citigroup reissued a “buy” rating on shares of Glencore in a research report on Wednesday, August 12th. Zacks Research raised shares of Glencore from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of Glencore from a “hold” rating to a “buy” rating in a report on Thursday, July 9th.

Glencore Trading Up 2.9%

Shares of GLNCY opened at $15.48 on Tuesday. The company’s fifty day moving average is $15.44 and its two-hundred day moving average is $15.01. Glencore has a fifty-two week low of $8.66 and a fifty-two week high of $17.05. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77.

About Glencore

Glencore plc is a diversified natural resources company involved in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world through a global network of assets, offices and logistics operations.

The company produces and markets commodities including copper, cobalt, nickel, zinc, lead, ferroalloys and coal. It also participates in the marketing and distribution of crude oil, refined petroleum products and other energy-related commodities.