Home » Reports » Rio Tinto plc 15.6% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc 15.6% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today 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 5590 GBX on its stock. This now indicates the analyst believes there is a possible upside of 15.6% from today’s opening price of 4836.5 GBX. Over the last 30 and 90 trading days the company share price has increased 287.5 points and increased 1263 points respectively. The 52 week high for the stock is 4991 GBX while the 52 week low for the stock is 2954 GBX.

Rio Tinto plc has a 50 day moving average of 4,634.23 GBX and a 200 day moving average of 4,237.20. There are currently 1,246,691,069 shares in issue with the average daily volume traded being 2,585,724. Market capitalisation for LON:RIO is £59,167,958,134 GBP.

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