Glencore plc (OTCMKTS:GLNCY) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Glencore plc (OTCMKTS:GLNCY) have been assigned an average recommendation of “Strong Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a strong buy recommendation.

Several research analysts recently commented on the company. Berenberg Bank raised Glencore to a “strong-buy” rating in a research note on Tuesday, March 11th. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th.

Glencore Stock Performance

Shares of GLNCY stock opened at $6.00 on Friday. The firm has a 50 day moving average of $8.15 and a two-hundred day moving average of $9.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67. Glencore has a 52 week low of $5.96 and a 52 week high of $12.74.

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.