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Rio Tinto plc 16.6% Potential Upside Indicated by Goldman Sachs

Rio Tinto plc with EPIC/TICKER (LON:RIO) 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 5500 GBX on its stock. This now indicates the analyst believes there is a possible upside of 16.6% from the opening price of 4715 GBX. Over the last 30 and 90 trading days the company share price has increased 545 points and increased 815 points respectively. The 52 week high share price is 4772.5 GBX while the year low share price is currently 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,395.15 GBX and a 200 day moving average of 3,991.38. There are currently 1,264,145,473 shares in issue with the average daily volume traded being 3,961,079. Market capitalisation for LON:RIO is £59,655,024,870 GBP.