Glencore PLC (OTCMKTS:GLNCY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Ten analysts give Glencore a consensus "Moderate Buy" (4 hold, 5 buy, 1 strong buy), with an average 12‑month price target of $9.30, which is below the stock's recent OTC opening price of about $13.88.
• Shares are trading near their 52‑week high ($14.67) and above the 200‑day moving average ($10.88), while the company shows moderate leverage (debt/equity 0.84) but constrained short‑term liquidity (quick ratio 0.58).

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.30.

GLNCY has been the subject of a number of research analyst reports. Barclays reiterated an "overweight" rating on shares of Glencore in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Glencore in a research note on Friday, January 30th. Berenberg Bank raised shares of Glencore from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 17th. Royal Bank Of Canada reissued an "outperform" rating on shares of Glencore in a research note on Wednesday, February 4th. Finally, UBS Group upgraded Glencore to a "hold" rating in a report on Monday, February 9th.

Glencore Stock Up 0.8%

Glencore stock opened at $13.88 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 1.06. The business has a 50-day simple moving average of $13.59 and a 200 day simple moving average of $10.88. Glencore has a 52 week low of $5.74 and a 52 week high of $14.67.

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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