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Glencore PLC 9.4% Potential Upside Indicated by Societe Generale

Glencore PLC using EPIC/TICKER code (LON:GLEN) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ today by analysts at Societe Generale. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Societe Generale have set a target price of 295 GBX on its stock. This now indicates the analyst believes there is a possible upside of 9.4% from today’s opening price of 269.7 GBX. Over the last 30 and 90 trading days the company share price has increased 4.75 points and decreased 59.2 points respectively. The 52 week high for the stock is 357.12 GBX while the year low share price is currently 249.75 GBX.

Glencore PLC has a 50 day moving average of 277.73 GBX and a 200 Day Moving Average share price is recorded at 301.54. There are currently 13,661,097,294 shares in issue with the average daily volume traded being 44,523,029. Market capitalisation for LON:GLEN is £36,529,773,330 GBP.