Home » Reports » Rio Tinto plc 11.8% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc 11.8% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc using EPIC/TICKER code (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set their target price at 5500 GBX on its stock. This would imply the analyst believes there is now a potential upside of 11.8% from today’s opening price of 4921.5 GBX. Over the last 30 and 90 trading days the company share price has increased 396 points and increased 1205.5 points respectively. The 52 week high share price is 4947 GBX while the 52 week low is 2954 GBX.

Rio Tinto plc has a 50 day moving average of 4,489.12 GBX and a 200 Day Moving Average share price is recorded at 4,203.22. There are currently 1,246,691,069 shares in issue with the average daily volume traded being 2,993,161. Market capitalisation for LON:RIO is £61,075,395,470 GBP.

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