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Glencore PLC 12.1% Potential Upside Indicated by Deutsche Bank

Glencore PLC with EPIC/TICKER (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 300 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.1% from today’s opening price of 267.55 GBX. Over the last 30 and 90 trading days the company share price has increased 2.6 points and decreased 60.7 points respectively. The 52 week high for the share price is currently at 357.12 GBX while the 52 week low is 249.75 GBX.

Glencore PLC has a 50 day moving average of 276.82 GBX and a 200 Day Moving Average share price is recorded at 301.06. There are currently 13,658,650,962 shares in issue with the average daily volume traded being 43,872,023. Market capitalisation for LON:GLEN is £36,741,771,087 GBP.

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