Home » Reports » Broker Ratings » Rio Tinto plc 12.4% Potential Upside Indicated by HSBC

Rio Tinto plc 12.4% Potential Upside Indicated by HSBC

Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. HSBC have set their target price at 4675 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.4% from the opening price of 4161 GBX. Over the last 30 and 90 trading days the company share price has decreased 142 points and increased 605 points respectively. The 1 year high stock price is 4541 GBX while the 52 week low for the stock is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,145.99 GBX and a 200 day moving average of 3,977.60. There are currently 1,266,274,883 shares in issue with the average daily volume traded being 4,369,099. Market capitalisation for LON:RIO is £52,582,064,516 GBP.