Glencore (LON:GLEN) Stock Rating Upgraded by Morgan Stanley

Glencore (LON:GLEN) was upgraded by Morgan Stanley to an “overweight” rating in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a GBX 470 ($5.91) price objective on the natural resources company’s stock. Morgan Stanley’s price objective points to a potential upside of 43.38% from the company’s current price.

Separately, Citigroup reissued a “top pick” rating on shares of Glencore in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Glencore currently has an average rating of “Buy” and a consensus target price of GBX 507 ($6.38).

Glencore Trading Down 7.3 %

Shares of LON GLEN opened at GBX 327.80 ($4.12) on Tuesday. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The business’s 50 day moving average price is GBX 360.47 and its 200-day moving average price is GBX 387.34. Glencore has a fifty-two week low of GBX 325 ($4.09) and a fifty-two week high of GBX 506.72 ($6.38). The company has a market cap of £50.00 billion, a price-to-earnings ratio of -91.80, a PEG ratio of 0.43 and a beta of 1.21.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.