Home » Reports » Rio Tinto plc 8.2% Potential Decrease Indicated by RBC Capital Markets

Rio Tinto plc 8.2% Potential Decrease Indicated by RBC Capital Markets

Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘SECTOR PERFORMER’ this morning 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 3900 GBX on its stock. This is indicating the analyst believes there is a potential downside of -8.2% from the opening price of 4250 GBX. Over the last 30 and 90 trading days the company share price has decreased 44 points and increased 104 points respectively. The 52 week high share price is 5039 GBX while the 52 week low is 3489 GBX.

Rio Tinto plc has a 50 day moving average of 4,180.17 GBX and the 200 Day Moving Average price is recorded at 4,433.50. There are currently 1,250,983,112 shares in issue with the average daily volume traded being 2,572,172. Market capitalisation for LON:RIO is £53,010,409,371 GBP.

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