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Glencore PLC 12.5% Potential Upside Indicated by Deutsche Bank

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Deutsche Bank. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set their target price at 370 GBX on its stock. This is indicating the analyst believes there is a potential upside of 12.5% from the opening price of 328.9 GBX. Over the last 30 and 90 trading days the company share price has increased 26.75 points and increased 34.1 points respectively. The 1 year high share price is 409.8 GBX while the year low share price is currently 268.35 GBX.

Glencore PLC has a 50 day moving average of 312.40 GBX and the 200 Day Moving Average price is recorded at 311.79. There are currently 13,837,009,484 shares in issue with the average daily volume traded being 39,131,381. Market capitalisation for LON:GLEN is £45,855,848,585 GBP.