Glencore PLC 54.1% Potential Upside Indicated by Credit Suisse

Broker Ratings

Glencore PLC using EPIC/TICKER code (LON:GLEN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Credit Suisse have set their target price at 420 GBX on its stock. This would imply the analyst believes there is now a potential upside of 54.1% from the opening price of 272.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 57.5 points and decreased 21.15 points respectively. The 1 year high 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 317.30 GBX and the 200 Day Moving Average price is recorded at 310.64. There are currently 13,780,542,417 shares in issue with the average daily volume traded being 41,340,005. Market capitalisation for LON:GLEN is £38,165,213,906 GBP.

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