Home » Reports » Glencore PLC 31.7% Potential Upside Indicated by Morgan Stanley

Glencore PLC 31.7% Potential Upside Indicated by Morgan Stanley

Glencore PLC with EPIC/TICKER (LON:GLEN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Morgan Stanley. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Morgan Stanley have set a target price of 220 GBX on its stock. This is indicating the analyst believes there is a potential upside of 31.7% from the opening price of 167 GBX. Over the last 30 and 90 trading days the company share price has increased 13.9 points and increased 36 points respectively. The 1 year high for the share price is 282 GBX while the year low stock price is currently 109.76 GBX.

Glencore PLC has a 50 day moving average of 158.80 GBX and a 200 Day Moving Average share price is recorded at 205.90. There are currently 13,324,312,541 shares in issue with the average daily volume traded being 45,425,360. Market capitalisation for LON:GLEN is £22,917,817,570 GBP.

Join us on our new LinkedIn page

Follow us on LinkedIn