Rio Tinto plc 8.6% Potential Decrease Indicated by Barclays Capital

Broker Ratings

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at Barclays Capital. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Barclays Capital have set their target price at 3700 GBX on its stock. This would imply the analyst believes there is a potential downside of -8.6% from the opening price of 4049.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 201.5 points and decreased 752.5 points respectively. The 1 year high stock price is 5039 GBX while the year low share price is currently 3489 GBX.

Rio Tinto plc has a 50 day moving average of 4,206.71 GBX and the 200 Day Moving Average price is recorded at 4,423.70. There are currently 1,253,562,564 shares in issue with the average daily volume traded being 3,275,278. Market capitalisation for LON:RIO is £51,032,531,980 GBP.

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