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Glencore PLC 28.9% Potential Upside Indicated by Jefferies International

Glencore PLC with EPIC/TICKER (LON:GLEN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Jefferies International have set their target price at 450 GBX on its stock. This now indicates the analyst believes there is a possible upside of 28.9% from today’s opening price of 349 GBX. Over the last 30 and 90 trading days the company share price has decreased 14.95 points and decreased 10.9 points respectively. The 1 year high for the share price is 388.25 GBX while the year low stock price is currently 260.5 GBX.

Glencore PLC has a 50 day moving average of 366.21 GBX and the 200 Day Moving Average price is recorded at 333.02. There are currently 14,418,546,553 shares in issue with the average daily volume traded being 37,225,831. Market capitalisation for LON:GLEN is £50,313,519,957 GBP.