Glencore PLC 20% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Glencore PLC with EPIC/TICKER (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. Glencore PLC are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set a target price of 370 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 20.0% from the opening price of 308.45 GBX. Over the last 30 and 90 trading days the company share price has increased 18.5 points and increased 19.8 points respectively. The 1 year high for the stock price is 409.8 GBX while the 52 week low for the stock is 268.35 GBX.

Glencore PLC has a 50 day moving average of 297.76 GBX and a 200 Day Moving Average share price is recorded at 323.49. There are currently 13,927,726,811 shares in issue with the average daily volume traded being 40,060,283. Market capitalisation for LON:GLEN is £42,421,514,743 GBP.

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