Glencore PLC with ticker (LON:GLEN) now has a potential upside of 12.4% according to Morgan Stanley.
Morgan Stanley set a target price of 448 GBX for the company, which when compared to the Glencore PLC share price of 392 GBX at opening today (12/01/2022) indicates a potential upside of 12.4%. Trading has ranged between 230 (52 week low) and 398 (52 week high) with an average of 37,018,073 shares exchanging hands daily. The market capitalisation at the time of writing is £51,185,177,468.
Glencore PLC is a Switzerland-based diversified natural resource company that produces and markets commodities. It operates through two business segments: Industrial segment, which is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum, iron ore and silver production, as well as the Company has interests in industrial assets that include mining, smelting, refining and warehousing operations. This segment also includes coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities; Marketing segment which is engaged in promotion and sale of produced goods worldwide.
Glencore PLC 12.4% potential upside indicated by Morgan Stanley
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- Written by: Anthony Fox
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