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Glencore PLC 17.8% Potential Upside Indicated by JP Morgan Cazenove

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning 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 360 GBX on its stock. This would imply the analyst believes there is now a potential upside of 17.8% from the opening price of 305.65 GBX. Over the last 30 and 90 trading days the company share price has increased 3.9 points and increased 5.65 points respectively. The 1 year high for the share price is 409.8 GBX while the year low stock price is currently 268.35 GBX.

Glencore PLC has a 50 day moving average of 300.23 GBX and a 200 Day Moving Average share price is recorded at 320.63. There are currently 13,904,976,811 shares in issue with the average daily volume traded being 42,604,845. Market capitalisation for LON:GLEN is £42,465,798,332 GBP.