Glencore PLC 45.7% Potential Upside Indicated by HSBC

Broker Ratings

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Glencore PLC are listed in the Basic Materials sector within UK Main Market. HSBC have set a target price of 385 GBX on its stock. This now indicates the analyst believes there is a possible upside of 45.7% from the opening price of 264.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 48.35 points and decreased 40.8 points respectively. The 1 year high for the stock price is 409.8 GBX while the year low share price is currently 257.55 GBX.

Glencore PLC has a 50 day moving average of 311.24 GBX and a 200 Day Moving Average share price is recorded at 308.48. There are currently 13,743,542,417 shares in issue with the average daily volume traded being 38,695,162. Market capitalisation for LON:GLEN is £35,740,080,377 GBP.

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