Rio Tinto plc 15.1% Potential Decrease Indicated by RBC Capital Markets

Broker Ratings
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Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today 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 4100 GBX on its stock. This is indicating the analyst believes there is a potential downside of -15.1% from today’s opening price of 4827 GBX. Over the last 30 and 90 trading days the company share price has increased 182 points and increased 260 points respectively. The 1 year high share price is 4915 GBX while the year low stock price is currently 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,642.13 GBX and a 200 Day Moving Average share price is recorded at 4,197.41. There are currently 3,258,910,174 shares in issue with the average daily volume traded being 3,582,968. Market capitalisation for LON:RIO is £61,096,173,597 GBP.

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