Rio Tinto plc 19.6% Potential Upside Indicated by Morgan Stanley

Broker Ratings
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Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Morgan Stanley have set a target price of 4400 GBX on its stock. This is indicating the analyst believes there is a potential upside of 19.6% from the opening price of 3677.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 288 points and decreased 880.5 points respectively. The 1 year high share price is 5039 GBX while the year low stock price is currently 2954 GBX.

Rio Tinto plc has a 50 day moving average of 4,034.15 GBX and a 200 day moving average of 4,296.09. There are currently 1,246,676,222 shares in issue with the average daily volume traded being 5,405,332. Market capitalisation for LON:RIO is £45,048,645,281 GBP.

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