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Rio Tinto plc 11% 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 ‘OVERWEIGHT’ this morning 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 a target price of 4970 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 11.0% from the opening price of 4479 GBX. Over the last 30 and 90 trading days the company share price has increased 54 points and increased 685 points respectively. The 1 year high share price is 4541 GBX while the 52 week low for the share price is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,263.85 GBX and a 200 Day Moving Average share price is recorded at 3,964.64. There are currently 1,264,997,345 shares in issue with the average daily volume traded being 4,038,556. Market capitalisation for LON:RIO is £56,431,531,560 GBP.