Glencore PLC 15.4% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at JP Morgan Cazenove. Glencore PLC are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set a target price of 260 GBX on its stock. This would imply the analyst believes there is now a potential upside of 15.4% from today’s opening price of 225.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 47.3 points and decreased 50.05 points respectively. The 1 year high stock price is 357.12 GBX while the 52 week low is 219.47 GBX.

Glencore PLC has a 50 day moving average of 268.66 GBX and the 200 Day Moving Average price is recorded at 293.09. There are currently 13,592,496,375 shares in issue with the average daily volume traded being 39,333,688. Market capitalisation for LON:GLEN is £29,855,917,458 GBP.

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