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Rio Tinto plc 12.7% Potential Upside Indicated by Goldman Sachs

Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Goldman Sachs have set a target price of 4900 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.7% from today’s opening price of 4348.5 GBX. Over the last 30 and 90 trading days the company share price has increased 322 points and increased 223.5 points respectively. The 52 week high share price is 5039 GBX while the 52 week low is 3489 GBX.

Rio Tinto plc has a 50 day moving average of 4,192.66 GBX and a 200 Day Moving Average share price is recorded at 4,445.30. There are currently 1,252,478,918 shares in issue with the average daily volume traded being 2,788,529. Market capitalisation for LON:RIO is £54,770,903,084 GBP.