Glencore plc (OTCMKTS:GLNCY) Given Average Rating of “Strong Buy” by Brokerages

Glencore plc (OTCMKTS:GLNCY) has received an average recommendation of “Strong Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a strong buy rating.

Several research firms recently commented on GLNCY. BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Berenberg Bank raised shares of Glencore to a “strong-buy” rating in a research report on Tuesday, March 11th.

Glencore Stock Performance

GLNCY stock opened at $7.50 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67. The stock has a 50-day moving average price of $8.38 and a two-hundred day moving average price of $9.36. Glencore has a 12-month low of $7.50 and a 12-month 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.