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Glencore PLC 20.7% Potential Upside Indicated by HSBC

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Glencore PLC are listed in the Basic Materials sector within UK Main Market. HSBC have set a target price of 380 GBX on its stock. This indicates the analyst now believes there is a potential upside of 20.7% from the opening price of 314.85 GBX. Over the last 30 and 90 trading days the company share price has increased 28.2 points and increased 9.85 points respectively. The 1 year high share price is 347 GBX while the year low share price is currently 167.1 GBX.

Glencore PLC has a 50 day moving average of 294.64 GBX and a 200 day moving average of 298.22. There are currently 14,335,774,917 shares in issue with the average daily volume traded being 36,774,780. Market capitalisation for LON:GLEN is £45,157,690,989 GBP.

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