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Glencore PLC 15.5% Potential Upside Indicated by JP Morgan Cazenove

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ 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 their target price at 380 GBX on its stock. This is indicating the analyst believes there is a potential upside of 15.5% from today’s 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 52 week low is 268.35 GBX.

Glencore PLC has a 50 day moving average of 312.40 GBX and a 200 Day Moving Average share 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.