Glencore PLC (OTCMKTS:GLNCY) Given Consensus Rating of "Strong Buy" by Brokerages

Key Points

• Glencore PLC has received a consensus rating of "Strong Buy" from six rating firms, with five analysts supporting this recommendation.
• Despite the positive consensus, The Goldman Sachs Group has downgraded Glencore to a "neutral" rating.
• Glencore's shares opened at $7.54 and have shown a 5.4% decline, with a one-year range between $5.74 and $11.56.

Shares of Glencore PLC (OTCMKTS:GLNCY - Get Free Report) have been assigned an average rating of "Strong Buy" from the five brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company.

Separately, The Goldman Sachs Group lowered shares of Glencore to a "neutral" rating in a report on Thursday.

Glencore Stock Performance

Shares of GLNCY traded up $0.09 during midday trading on Thursday, hitting $7.83. 234,713 shares of the company traded hands, compared to its average volume of 1,026,519. The firm has a 50 day moving average of $8.00 and a 200-day moving average of $7.72. Glencore has a 52 week low of $5.74 and a 52 week high of $11.56. The company has a quick ratio of 0.60, a current ratio of 1.20 and a debt-to-equity ratio of 0.77.

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.