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Glencore PLC 10.7% Potential Upside Indicated by Deutsche Bank

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set a target price of 275 GBX on its stock. This indicates the analyst now believes there is a potential upside of 10.7% from today’s opening price of 248.5 GBX. Over the last 30 and 90 trading days the company share price has increased 31.45 points and increased 16.05 points respectively. The 1 year high share price is 357.12 GBX while the year low stock price is currently 212.1 GBX.

Glencore PLC has a 50 day moving average of 286.95 GBX and a 200 Day Moving Average share price is recorded at 271.96. There are currently 985,856,695 shares in issue with the average daily volume traded being 34,977,836. Market capitalisation for LON:GLEN is £32,242,038,764 GBP.

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