Glencore PLC 24.1% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Glencore PLC using EPIC/TICKER code (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 their target price at 380 GBX on its stock. This is indicating the analyst believes there is a potential upside of 24.1% from today’s opening price of 306.3 GBX. Over the last 30 and 90 trading days the company share price has increased 23.8 points and decreased 31.8 points respectively. The 1 year high for the share price is 410.3 GBX while the 52 week low for the share price is 268.35 GBX.

Glencore PLC has a 50 day moving average of 293.73 GBX and a 200 day moving average of 328.52. There are currently 13,955,694,326 shares in issue with the average daily volume traded being 39,109,143. Market capitalisation for LON:GLEN is £42,843,981,580 GBP.

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