Morgan Stanley lowered shares of Glencore PLC (OTCMKTS:GLNCY) from an equal weight rating to an underweight rating in a research note published on Wednesday morning, StockTargetPrices.com reports.
GLNCY has been the topic of several other research reports. JPMorgan Chase & Co. restated a neutral rating on shares of Glencore PLC in a research note on Thursday, August 25th. Credit Suisse Group AG cut Glencore PLC from an outperform rating to a neutral rating in a research note on Monday, July 18th. Citigroup Inc. reiterated a neutral rating on shares of Glencore PLC in a research note on Thursday, September 1st. Sanford C. Bernstein reiterated an overweight rating on shares of Glencore PLC in a research note on Wednesday, May 25th. Finally, Societe Generale upgraded Glencore PLC from a hold rating to a buy rating in a research note on Tuesday, August 2nd. Two 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 an average target price of $5.00.
Glencore PLC (OTCMKTS:GLNCY) opened at 5.38 on Wednesday. Glencore PLC has a 12 month low of $1.95 and a 12 month high of $5.47. The company’s 50-day moving average is $4.92 and its 200 day moving average is $4.42. The company’s market cap is $38.27 billion.
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