Home » Reports » Rio Tinto plc 27.2% Potential Upside Indicated by Bank of America Merrill Lynch

Rio Tinto plc 27.2% Potential Upside Indicated by Bank of America Merrill Lynch

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at Bank of America Merrill Lynch. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Bank of America Merrill Lynch have set their target price at 5700 GBX on its stock. This is indicating the analyst believes there is a potential upside of 27.2% from today’s opening price of 4480 GBX. Over the last 30 and 90 trading days the company share price has increased 923 points and increased 680 points respectively. The 1 year high share price is 5039 GBX while the 52 week low is 2954 GBX.

Rio Tinto plc has a 50 day moving average of 3,873.11 GBX and a 200 Day Moving Average share price is recorded at 4,127.30. There are currently shares in issue with the average daily volume traded being 2,931,442. Market capitalisation for LON:RIO is £54,330,794,477 GBP.

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