Home » Reports » Rio Tinto plc 8% Potential Upside Indicated by Deutsche Bank

Rio Tinto plc 8% Potential Upside Indicated by Deutsche Bank

Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at Deutsche Bank. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set their target price at 4900 GBX on its stock. This indicates the analyst now believes there is a potential upside of 8.0% from today’s opening price of 4536 GBX. Over the last 30 and 90 trading days the company share price has increased 93 points and increased 853.5 points respectively. The 1 year high share price is 5039 GBX while the 52 week low is 2954 GBX.

Rio Tinto plc has a 50 day moving average of 4,268.55 GBX and the 200 Day Moving Average price is recorded at 4,168.56. There are currently 1,246,691,069 shares in issue with the average daily volume traded being 3,257,678. Market capitalisation for LON:RIO is £56,281,868,310 GBP.

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