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

Glencore plc (OTCMKTS:GLNCY - Get Free Report) has earned an average rating of "Strong Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a strong buy recommendation.

A number of equities analysts recently weighed in on the stock. Barclays upgraded shares of Glencore to a "strong-buy" rating in a report on Wednesday, October 16th. BMO Capital Markets upgraded shares of Glencore from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Finally, Hsbc Global Res upgraded Glencore from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th.

Glencore Price Performance

GLNCY stock opened at $8.72 on Monday. The firm has a 50 day moving average of $9.40 and a two-hundred day moving average of $10.31. Glencore has a 12 month low of $8.66 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.