Home » Reports » Broker Ratings » Rio Tinto plc 12.2% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc 12.2% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc using EPIC/TICKER code (LON:RIO) 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 their target price at 5300 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.2% from the 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 1 year high share price is 4761.5 GBX while the 52 week low for the stock 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.