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Rio Tinto plc 17.8% 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 ‘OVERWEIGHT’ 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 their target price at 5190 GBX on its stock. This is indicating the analyst believes there is a potential upside of 17.8% from the opening price of 4405 GBX. Over the last 30 and 90 trading days the company share price has increased 138 points and increased 707 points respectively. The 1 year high stock price is 4541 GBX while the year low share price is currently 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,118.82 GBX and a 200 day moving average of 3,973.24. There are currently 1,266,503,337 shares in issue with the average daily volume traded being 4,354,994. Market capitalisation for LON:RIO is £55,909,789,811 GBP.