Glencore (OTCMKTS:GLCNF) Stock Rating Reaffirmed by Morgan Stanley

Glencore (OTCMKTS:GLCNF)‘s stock had its “buy” rating reiterated by Morgan Stanley in a note issued to investors on Thursday, TipRanks reports. They currently have a $429.00 price target on the stock.

Separately, Barclays reissued a “buy” rating and set a $425.00 target price on shares of Glencore in a research note on Friday, October 8th.

GLCNF remained flat at $$5.02 on Thursday. The company had a trading volume of 4,070 shares, compared to its average volume of 63,395. The firm has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $4.61. Glencore has a 52 week low of $2.83 and a 52 week high of $5.43.

Glencore Company Profile

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other.

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