Glencore International PLC, St. Helier (GLNCY) Stock Rating Lowered by Morgan Stanley
Glencore International PLC, St. Helier (NASDAQ:GLNCY) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday.
Several other equities research analysts also recently commented on the stock. Credit Suisse Group AG upgraded shares of Glencore International PLC, St. Helier from a “neutral” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research downgraded shares of Glencore International PLC, St. Helier from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Finally, Societe Generale upgraded shares of Glencore International PLC, St. Helier from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $5.75.
Glencore International PLC, St. Helier (NASDAQ:GLNCY) traded up 3.66% on Wednesday, reaching $5.38. The company had a trading volume of 327,614 shares. Glencore International PLC, St. Helier has a 1-year low of $1.95 and a 1-year high of $5.47. The company’s 50-day moving average price is $4.88 and its 200 day moving average price is $4.39. The firm’s market capitalization is $38.27 billion.
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