Home » Reports » Broker Ratings » Rio Tinto plc 17.5% Potential Upside Indicated by HSBC

Rio Tinto plc 17.5% Potential Upside Indicated by HSBC

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. HSBC have set a target price of 4725 GBX on its stock. This is indicating the analyst believes there is a potential upside of 17.5% from the opening price of 4020 GBX. Over the last 30 and 90 trading days the company share price has increased 14 points and decreased 177 points respectively. The 1 year high share price is 5039 GBX while the 52 week low for the stock is 3489 GBX.

Rio Tinto plc has a 50 day moving average of 4,178.26 GBX and a 200 Day Moving Average share price is recorded at 4,441.22. There are currently 1,252,594,451 shares in issue with the average daily volume traded being 2,833,839. Market capitalisation for LON:RIO is £50,648,656,626 GBP.