Glencore PLC (OTCMKTS:GLNCY) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Ten analysts give Glencore an average rating of "Moderate Buy" (3 Hold, 6 Buy, 1 Strong Buy) with an average 1‑year target price of $9.30.
• The stock opened at $15.28, trading near its 52‑week high of $15.28 and above its 50‑day/200‑day moving averages of $14.07 and $11.70 respectively.
• Major brokers — including Barclays, RBC, Morgan Stanley and Citigroup — have recently reiterated positive ratings, and HSBC upgraded Glencore from Hold to Buy, indicating broad analyst support.

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) has received an average rating of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.30.

GLNCY has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating on shares of Glencore in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Glencore in a research report on Wednesday, February 4th. Morgan Stanley reiterated an "overweight" rating on shares of Glencore in a research report on Thursday. HSBC upgraded Glencore from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Citigroup reiterated a "buy" rating on shares of Glencore in a research report on Monday.

Glencore Price Performance

OTCMKTS:GLNCY opened at $15.28 on Tuesday. The stock has a fifty day moving average price of $14.07 and a 200-day moving average price of $11.70. The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 0.84. Glencore has a fifty-two week low of $6.31 and a fifty-two week high of $15.28.

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.

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