Rio Tinto plc 6.5% Potential Upside Indicated by HSBC

Broker Ratings

Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ 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 4650 GBX on its stock. This now indicates the analyst believes there is a possible upside of 6.5% from today’s opening price of 4365 GBX. Over the last 30 and 90 trading days the company share price has increased 231.5 points and increased 599 points respectively. The 1 year high stock price is 4541 GBX while the 52 week low is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,092.30 GBX and a 200 Day Moving Average share price is recorded at 3,967.94. There are currently 1,266,770,185 shares in issue with the average daily volume traded being 4,432,672. Market capitalisation for LON:RIO is £55,389,526,339 GBP.

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