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Rio Tinto plc 0.5% Potential Decrease Indicated by Deutsche Bank

Rio Tinto plc using EPIC/TICKER code (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Deutsche Bank. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set their target price at 4700 GBX on its stock. This indicates the analyst believes there is a potential downside of -.5% from today’s opening price of 4725 GBX. Over the last 30 and 90 trading days the company share price has increased 574.5 points and increased 833.5 points respectively. The 52 week high share price is 4761.5 GBX while the 52 week low for the share price is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,383.82 GBX and a 200 Day Moving Average share price is recorded at 3,987.70. There are currently 1,264,217,175 shares in issue with the average daily volume traded being 4,031,110. Market capitalisation for LON:RIO is £60,214,664,045 GBP.