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Glencore PLC 21% Potential Upside Indicated by Credit Suisse

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Credit Suisse have set a target price of 470 GBX on its stock. This indicates the analyst now believes there is a potential upside of 21.0% from the opening price of 388.45 GBX. Over the last 30 and 90 trading days the company share price has decreased 17.25 points and increased 34.45 points respectively. The 52 week high for the share price is currently at 416.91 GBX while the 52 week low for the share price is 270 GBX.

Glencore PLC has a 50 day moving average of 388.66 GBX and a 200 day moving average of 349.75. There are currently 14,315,543,933 shares in issue with the average daily volume traded being 37,916,679. Market capitalisation for LON:GLEN is £56,396,087,072 GBP.

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