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Glencore PLC 24.7% Potential Upside Indicated by HSBC

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Glencore PLC are listed in the Basic Materials sector within UK Main Market. HSBC have set their target price at 470 GBX on its stock. This now indicates the analyst believes there is a possible upside of 24.7% from today’s opening price of 377.05 GBX. Over the last 30 and 90 trading days the company share price has decreased 12.75 points and increased 22.85 points respectively. The 1 year high stock price is 416.91 GBX while the 52 week low for the stock is 274.35 GBX.

Glencore PLC has a 50 day moving average of 380.34 GBX and a 200 day moving average of 376.54. There are currently 14,424,740,864 shares in issue with the average daily volume traded being 54,609,204. Market capitalisation for LON:GLEN is £53,858,591,199 GBP.