Glencore PLC with ticker (LON:GLEN) now has a potential upside of 27.8% according to JP Morgan Cazenove.
JP Morgan Cazenove set a target price of 630 GBX for the company, which when compared to the Glencore PLC share price of 455 GBX at opening today (29/06/2022) indicates a potential upside of 27.8%. Trading has ranged between 3 (52 week low) and 465 (52 week high) with an average of 49,517,627 shares exchanging hands daily. The market capitalisation at the time of writing is £60,445,409,395.
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 27.8% potential upside indicated by JP Morgan Cazenove
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- Written by: Charlotte Edwards
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