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Rio Tinto plc 20.5% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc with EPIC/TICKER (LON:RIO) 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 5000 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 20.5% from the opening price of 4150 GBX. Over the last 30 and 90 trading days the company share price has increased 459.5 points and increased 207 points respectively. The 1 year high for the share price is 4541 GBX while the 52 week low is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 3,808.15 GBX and a 200 day moving average of 3,952.07. There are currently 1,271,806,637 shares in issue with the average daily volume traded being 4,145,274. Market capitalisation for LON:RIO is £53,167,876,459 GBP.