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Glencore PLC 5.5% Potential Decrease Indicated by Goldman Sachs

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Goldman Sachs. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Goldman Sachs have set their target price at 245 GBX on its stock. This indicates the analyst believes there is a potential downside of -5.5% from today’s opening price of 259.15 GBX. Over the last 30 and 90 trading days the company share price has increased 35.25 points and increased 24.1 points respectively. The 52 week high for the share price is currently at 357.12 GBX while the year low stock price is currently 218.6 GBX.

Glencore PLC has a 50 day moving average of 285.90 GBX and a 200 Day Moving Average share price is recorded at 287.61. There are currently 13,397,469,831 shares in issue with the average daily volume traded being 38,513,154. Market capitalisation for LON:GLEN is £35,041,080,707 GBP.