Rio Tinto plc 12.3% Potential Upside Indicated by Goldman Sachs

Broker Ratings

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Goldman Sachs have set their target price at 4900 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.3% from the opening price of 4365 GBX. Over the last 30 and 90 trading days the company share price has increased 231.5 points and increased 599 points respectively. The 1 year high for the stock price is 4541 GBX while the year low stock price is currently 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,092.30 GBX and a 200 Day Moving Average share price is recorded at 3,967.94. There are currently 1,266,770,185 shares in issue with the average daily volume traded being 4,432,672. Market capitalisation for LON:RIO is £55,389,526,339 GBP.

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