Glencore PLC (GLNCY) Stock Rating Lowered by Morgan Stanley
Glencore PLC (OTCMKTS:GLNCY) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Wednesday, StockTargetPrices.com reports.
A number of other research analysts have also recently commented on GLNCY. Sanford C. Bernstein restated an “overweight” rating on shares of Glencore PLC in a research note on Wednesday, May 25th. Credit Suisse Group AG raised Glencore PLC from a “neutral” rating to an “outperform” rating in a research report on Monday. Citigroup Inc. reaffirmed a “neutral” rating on shares of Glencore PLC in a research report on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Glencore PLC in a research report on Thursday, August 25th. Finally, Societe Generale raised Glencore PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Glencore PLC has a consensus rating of “Hold” and a consensus price target of $5.00.
Shares of Glencore PLC (OTCMKTS:GLNCY) opened at 5.38 on Wednesday. The firm’s market capitalization is $38.27 billion. The firm’s 50-day moving average price is $4.89 and its 200-day moving average price is $4.40. Glencore PLC has a 52-week low of $1.95 and a 52-week high of $5.47.
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