Home » Reports » Glencore PLC 83.2% Potential Upside Indicated by Morgan Stanley

Glencore PLC 83.2% Potential Upside Indicated by Morgan Stanley

Glencore PLC with EPIC/TICKER (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at Morgan Stanley. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Morgan Stanley have set their target price at 240 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 83.2% from today’s opening price of 131 GBX. Over the last 30 and 90 trading days the company share price has decreased 80.55 points and decreased 104.5 points respectively. The 1 year high stock price is 357.12 GBX while the year low share price is currently 109.76 GBX.

Glencore PLC has a 50 day moving average of 206.56 GBX and a 200 Day Moving Average share price is recorded at 248.93. There are currently 13,324,312,541 shares in issue with the average daily volume traded being 60,049,080. Market capitalisation for LON:GLEN is £17,207,391,229 GBP.

Join us on our new LinkedIn page

Follow us on LinkedIn