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Glencore PLC 18.4% Potential Upside Indicated by RBC Capital Markets

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Markets. Glencore PLC are listed in the Basic Materials sector within UK Main Market. RBC Capital Markets have set their target price at 290 GBX on its stock. This is indicating the analyst believes there is a potential upside of 18.4% from the opening price of 245 GBX. Over the last 30 and 90 trading days the company share price has decreased 7.2 points and increased 8.35 points respectively. The 1 year high for the stock price is 357.12 GBX while the year low share price is currently 218.6 GBX.

Glencore PLC has a 50 day moving average of 285.29 GBX and a 200 day moving average of 282.60. There are currently 13,344,025,769 shares in issue with the average daily volume traded being 32,639,273. Market capitalisation for LON:GLEN is £32,926,383,585 GBP.