Glencore PLC 2.8% Potential Decrease Indicated by JP Morgan Cazenove

Broker Ratings

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Reiterates’ 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 250 GBX on its stock. This is indicating the analyst believes there is a potential downside of -2.8% from today’s opening price of 257.25 GBX. Over the last 30 and 90 trading days the company share price has increased 32.25 points and increased 24.9 points respectively. The 1 year high share price is 357.12 GBX while the 52 week low for the share price is 218.6 GBX.

Glencore PLC has a 50 day moving average of 285.19 GBX and the 200 Day Moving Average price is recorded at 287.86. There are currently 13,400,583,238 shares in issue with the average daily volume traded being 38,792,304. Market capitalisation for LON:GLEN is £34,399,298,807 GBP.

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