Home » Reports » Broker Ratings » Rio Tinto plc 22.3% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc 22.3% Potential Upside Indicated by JP Morgan Cazenove

Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today 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 5270 GBX on its stock. This is indicating the analyst believes there is a potential upside of 22.3% from today’s opening price of 4309 GBX. Over the last 30 and 90 trading days the company share price has increased 254.5 points and increased 198 points respectively. The 1 year high share price is 5039 GBX while the 52 week low for the share price is 3489 GBX.

Rio Tinto plc has a 50 day moving average of 4,184.49 GBX and a 200 Day Moving Average share price is recorded at 4,444.34. There are currently 1,252,567,434 shares in issue with the average daily volume traded being 2,779,803. Market capitalisation for LON:RIO is £54,499,209,053 GBP.