Glencore PLC (OTCMKTS:GLNCY) Stock Has Consensus Target Price of $9.30

Glencore PLC (OTCMKTS:GLNCY) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts recently issued reports on GLNCY shares. The Goldman Sachs Group upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. UBS Group upgraded Glencore from a “hold” rating to a “buy” rating in a research report on Friday, September 25th. Freedom Broker lowered Glencore from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Zacks Research upgraded Glencore from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd.

Glencore Trading Up 0.4%

GLNCY stock opened at $15.04 on Tuesday. The firm has a 50 day simple moving average of $15.42 and a two-hundred day simple moving average of $15.01. Glencore has a one year low of $8.66 and a one year high of $17.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 0.56.

Glencore Company Profile

Glencore plc is a diversified natural resources company involved in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world through a global network of assets, offices and logistics operations.

The company produces and markets commodities including copper, cobalt, nickel, zinc, lead, ferroalloys and coal. It also participates in the marketing and distribution of crude oil, refined petroleum products and other energy-related commodities.