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

Glencore plc (OTCMKTS:GLNCY) has been assigned an average rating of “Strong Buy” from the four analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a strong buy recommendation.

GLNCY has been the topic of a number of recent research reports. Barclays upgraded Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday.

Glencore Stock Performance

Shares of Glencore stock traded down $0.25 during trading on Thursday, reaching $8.89. The stock had a trading volume of 753,345 shares, compared to its average volume of 629,581. Glencore has a 52 week low of $8.85 and a 52 week high of $12.74. The stock has a fifty day moving average price of $9.98 and a two-hundred day moving average price of $10.66.

Glencore Company Profile

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.