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Rio Tinto plc 14.5% 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 ‘NEUTRAL’ 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 5000 GBX on its stock. This is indicating the analyst believes there is a potential upside of 14.5% from the opening price of 4365 GBX. Over the last 30 and 90 trading days the company share price has increased 124 points and increased 636 points respectively. The 1 year high for the stock price is 4541 GBX while the 52 week low is 2970 GBX.

Rio Tinto plc has a 50 day moving average of 4,116.99 GBX and a 200 day moving average of 3,849.94. There are currently 1,784,876,725 shares in issue with the average daily volume traded being 4,536,971. Market capitalisation for LON:RIO is £78,525,651,516 GBP.