Glencore PLC with ticker (LON:GLEN) now has a potential upside of 16.1% according to JP Morgan.
JP Morgan set a target price of 420 GBX for the company, which when compared to the Glencore PLC share price of 352 GBX at opening today (08/11/2021) indicates a potential upside of 16.1%. Trading has ranged between 163 (52 week low) and 398 (52 week high) with an average of 47,839,334 shares exchanging hands daily. The market capitalisation at the time of writing is £47,020,593,721.
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 16.1% potential upside indicated by JP Morgan
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- Written by: Anthony Fox
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