Glencore plc (OTCMKTS:GLNCY) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Glencore plc (OTCMKTS:GLNCY - Get Free Report) has earned an average recommendation of "Strong Buy" from the six ratings firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a strong buy rating.

Separately, Berenberg Bank raised shares of Glencore to a "strong-buy" rating in a research report on Tuesday, March 11th.

Glencore Price Performance

Shares of OTCMKTS:GLNCY traded down $0.01 during trading on Wednesday, reaching $7.13. 1,032,029 shares of the stock were exchanged, compared to its average volume of 1,195,784. The stock has a fifty day moving average of $7.44 and a two-hundred day moving average of $8.76. Glencore has a 1-year low of $5.74 and a 1-year high of $12.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.