Home » Reports » Rio Tinto plc 7.9% Potential Decrease Indicated by RBC Capital Markets

Rio Tinto plc 7.9% Potential Decrease Indicated by RBC Capital Markets

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘SECTOR PERFORMER’ today by analysts at RBC Capital Markets. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. RBC Capital Markets have set a target price of 4200 GBX on its stock. This is indicating the analyst believes there is a potential downside of -7.9% from today’s opening price of 4559 GBX. Over the last 30 and 90 trading days the company share price has decreased 3.5 points and increased 761 points respectively. The 1 year high for the share price is 4908 GBX while the 52 week low for the stock is 2954 GBX.

Rio Tinto plc has a 50 day moving average of 4,329.87 GBX and the 200 Day Moving Average price is recorded at 4,174.87. There are currently 1,246,691,069 shares in issue with the average daily volume traded being 3,143,057. Market capitalisation for LON:RIO is £57,198,186,245 GBP.

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