Glencore PLC 32.8% 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 360 GBX on its stock. This now indicates the analyst believes there is a possible upside of 32.8% from the opening price of 271.15 GBX. Over the last 30 and 90 trading days the company share price has increased 11.65 points and decreased 61.85 points respectively. The 52 week high for the stock is 357.12 GBX while the 52 week low is 249.75 GBX.

Glencore PLC has a 50 day moving average of 279.53 GBX and a 200 day moving average of 302.18. There are currently 13,665,701,381 shares in issue with the average daily volume traded being 43,841,253. Market capitalisation for LON:GLEN is £36,897,393,728 GBP.

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