Rio Tinto plc 15.8% Potential Decrease Indicated by Barclays Capital

Broker Ratings

Rio Tinto plc using EPIC/TICKER code (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at Barclays Capital. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Barclays Capital have set a target price of 3600 GBX on its stock. This now indicates the analyst believes there is a potential downside of -15.8% from the opening price of 4273.5 GBX. Over the last 30 and 90 trading days the company share price has increased 134 points and decreased 60 points respectively. The 52 week high share price is 5039 GBX while the year low stock price is currently 3570.5 GBX.

Rio Tinto plc has a 50 day moving average of 4,178.94 GBX and a 200 Day Moving Average share price is recorded at 4,427.77. There are currently 1,250,477,934 shares in issue with the average daily volume traded being 2,710,058. Market capitalisation for LON:RIO is £54,095,675,424 GBP.

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