Glencore plc (OTCMKTS:GLNCY) Given Average Recommendation of "Strong Buy" by Brokerages

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

Several equities analysts have recently commented on GLNCY shares. BMO Capital Markets upgraded Glencore from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Hsbc Global Res raised shares of Glencore from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Barclays upgraded shares of Glencore to a "strong-buy" rating in a research note on Wednesday, October 16th.

Glencore Trading Up 1.4 %

Shares of OTCMKTS:GLNCY traded up $0.12 during trading on Friday, hitting $8.86. The company's stock had a trading volume of 466,171 shares, compared to its average volume of 1,022,318. Glencore has a fifty-two week low of $8.29 and a fifty-two week high of $12.74. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock's 50-day moving average price is $9.05 and its two-hundred day moving average price is $9.91.

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.