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Rio Tinto plc 8.5% Potential Upside Indicated by Independent Research

Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Independent Research. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Independent Research have set their target price at 4300 GBX on its stock. This is indicating the analyst believes there is a potential upside of 8.5% from today’s opening price of 3963 GBX. Over the last 30 and 90 trading days the company share price has decreased 282 points and decreased 891.5 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 4,171.36 GBX and a 200 Day Moving Average share price is recorded at 4,430.03. There are currently 1,252,991,485 shares in issue with the average daily volume traded being 3,353,381. Market capitalisation for LON:RIO is £50,251,223,505 GBP.