Glencore plc (OTCMKTS:GLNCY) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Glencore plc (OTCMKTS:GLNCY) have received a consensus recommendation of “Strong Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a strong buy rating.

A number of brokerages have weighed in on GLNCY. Barclays raised Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th.

Glencore Price Performance

Shares of GLNCY opened at $8.94 on Thursday. Glencore has a 1 year low of $8.66 and a 1 year high of $12.74. The company’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $10.57.

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.