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Glencore PLC 25.9% Potential Upside Indicated by JP Morgan Cazenove

Glencore PLC with EPIC/TICKER (LON:GLEN) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ 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 their target price at 370 GBX on its stock. This is indicating the analyst believes there is a potential upside of 25.9% from the opening price of 293.95 GBX. Over the last 30 and 90 trading days the company share price has decreased 24.95 points and decreased 94.9 points respectively. The 1 year high stock price is 416.91 GBX while the 52 week low for the stock is 289.6 GBX.

Glencore PLC has a 50 day moving average of 323.64 GBX and a 200 Day Moving Average share price is recorded at 366.54. There are currently 14,240,994,940 shares in issue with the average daily volume traded being 45,855,193. Market capitalisation for LON:GLEN is £42,231,791,774 GBP.