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Rio Tinto plc 3.2% Potential Decrease Indicated by Credit Suisse

Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at Credit Suisse. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Credit Suisse have set a target price of 3820 GBX on its stock. This indicates the analyst believes there is a potential downside of -3.2% from today’s opening price of 3945.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 387 points and decreased 924.5 points respectively. The 52 week high for the stock is 5039 GBX while the year low share price is currently 3489 GBX.

Rio Tinto plc has a 50 day moving average of 4,182.09 GBX and a 200 Day Moving Average share price is recorded at 4,429.07. There are currently 1,253,272,540 shares in issue with the average daily volume traded being 3,324,587. Market capitalisation for LON:RIO is £49,476,253,342 GBP.