Rio Tinto plc 21.4% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings

Rio Tinto plc using EPIC/TICKER code (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ 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 4560 GBX on its stock. This would imply the analyst believes there is now a potential upside of 21.4% from the opening price of 3755 GBX. Over the last 30 and 90 trading days the company share price has decreased 68 points and decreased 429 points respectively. The 1 year high share price is 5039 GBX while the year low stock price is currently 2954 GBX.

Rio Tinto plc has a 50 day moving average of 3,697.78 GBX and a 200 Day Moving Average share price is recorded at 4,126.72. There are currently 1,246,691,016 shares in issue with the average daily volume traded being 3,576,207. Market capitalisation for LON:RIO is £45,616,424,275 GBP.

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