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Glencore PLC 29.1% Potential Upside Indicated by Jefferies International

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning 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 300 GBX on its stock. This would imply the analyst believes there is now a potential upside of 29.1% from the opening price of 232.45 GBX. Over the last 30 and 90 trading days the company share price has decreased 19.5 points and decreased 36.05 points respectively. The 1 year high stock price is 357.12 GBX while the year low share price is currently 218.6 GBX.

Glencore PLC has a 50 day moving average of 241.45 GBX and a 200 Day Moving Average share price is recorded at 282.42. There are currently 13,460,049,531 shares in issue with the average daily volume traded being 48,360,121. Market capitalisation for LON:GLEN is £31,341,726,154 GBP.