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Rio Tinto plc 21.4% Potential Upside Indicated by HSBC

Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today 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 5100 GBX on its stock. This is indicating the analyst believes there is a potential upside of 21.4% from today’s opening price of 4201 GBX. Over the last 30 and 90 trading days the company share price has decreased 214 points and increased 659.5 points respectively. The 52 week high share price is 4541 GBX while the 52 week low for the stock is 2970 GBX.

Rio Tinto plc has a 50 day moving average of 4,199.53 GBX and a 200 day moving average of 3,856.07. There are currently 1,316,308,608 shares in issue with the average daily volume traded being 4,922,978. Market capitalisation for LON:RIO is £73,725,057,126 GBP.