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Glencore PLC 20.3% Potential Upside Indicated by RBC Capital Markets

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Reiterates’ 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 470 GBX on its stock. This now indicates the analyst believes there is a possible upside of 20.3% from the opening price of 390.85 GBX. Over the last 30 and 90 trading days the company share price has decreased 16.15 points and increased 39.9 points respectively. The 52 week high for the stock is 416.91 GBX while the year low stock price is currently 270 GBX.

Glencore PLC has a 50 day moving average of 389.83 GBX and a 200 day moving average of 350.27. There are currently 14,322,384,021 shares in issue with the average daily volume traded being 38,117,804. Market capitalisation for LON:GLEN is £55,420,466,718 GBP.