Glencore plc (OTCMKTS:GLNCY) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Glencore plc (OTCMKTS:GLNCY - Get Free Report) has been given an average rating of "Strong Buy" by the six research firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a strong buy recommendation.

A number of analysts have recently issued reports on GLNCY shares. Berenberg Bank upgraded Glencore to a "strong-buy" rating in a report on Tuesday, March 11th. BMO Capital Markets upgraded Glencore from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th.

Glencore Stock Down 0.1 %

Shares of Glencore stock traded down $0.01 during trading on Friday, hitting $7.30. The stock had a trading volume of 1,030,334 shares, compared to its average volume of 988,560. The stock has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $9.32. Glencore has a 1 year low of $7.19 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

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.