ContourGlobal (LON:GLO) Rating Reiterated by Morgan Stanley

ContourGlobal (LON:GLOGet Rating)‘s stock had its “equal weight” rating reissued by stock analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a GBX 215 ($2.69) price target on the stock. Morgan Stanley’s price objective indicates a potential upside of 12.52% from the stock’s current price.

Shares of GLO stock opened at GBX 191.08 ($2.39) on Tuesday. The company has a debt-to-equity ratio of 1,152.39, a current ratio of 0.93 and a quick ratio of 0.50. The company has a market cap of £1.25 billion and a price-to-earnings ratio of 20.30. ContourGlobal has a 1 year low of GBX 171.60 ($2.14) and a 1 year high of GBX 206.99 ($2.59). The firm has a fifty day moving average price of GBX 190.42 and a 200-day moving average price of GBX 189.31.

About ContourGlobal (Get Rating)

ContourGlobal plc acquires, develops, and operates wholesale power generation businesses. The company generates 1,808 MW of renewable electricity from hydro, solar, wind, and biogas; and 2,509 MW of thermal electricity from gas, coal, and oil. It operates a portfolio of 138 thermal and renewable power plants.

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