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Rio Tinto plc 20.1% Potential Upside Indicated by Deutsche Bank

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set their target price at 4600 GBX on its stock. This is indicating the analyst believes there is a potential upside of 20.1% from the opening price of 3831 GBX. Over the last 30 and 90 trading days the company share price has decreased 263 points and increased 129 points respectively. The 1 year high for the share price is 4226.56 GBX while the 52 week low for the stock is 2882.5 GBX.

Rio Tinto plc has a 50 day moving average of 3,863.97 GBX and a 200 Day Moving Average share price is recorded at 3,560.79. There are currently 1,819,441,051 shares in issue with the average daily volume traded being 3,500,704. Market capitalisation for LON:RIO is £69,366,190,069 GBP.