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Rio Tinto plc 13.5% Potential Decrease Indicated by RBC Capital Markets

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at RBC Capital Markets. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. RBC Capital Markets have set a target price of 3200 GBX on its stock. This would indicate that the analyst believes there is a downside of -13.5% from the opening price of 3700 GBX. Over the last 30 and 90 trading days the company share price has increased 165.5 points and decreased 337 points respectively. The 1 year high stock price is 4541 GBX while the 52 week low is 3399 GBX.

Rio Tinto plc has a 50 day moving average of 3,782.92 GBX and the 200 Day Moving Average price is recorded at 3,980.94. There are currently 1,295,171,655 shares in issue with the average daily volume traded being 5,490,693. Market capitalisation for LON:RIO is £63,641,487,327 GBP.