Rio Tinto plc 2.4% Potential Upside Indicated by Deutsche Bank

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 ‘HOLD’ today by analysts at Deutsche Bank. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set a target price of 4250 GBX on its stock. This is indicating the analyst believes there is a potential upside of 2.4% from today’s opening price of 4150 GBX. Over the last 30 and 90 trading days the company share price has increased 459.5 points and increased 207 points respectively. The 1 year high for the share price is 4541 GBX while the 52 week low for the share price is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 3,808.15 GBX and the 200 Day Moving Average price is recorded at 3,952.07. There are currently 1,271,806,637 shares in issue with the average daily volume traded being 4,145,274. Market capitalisation for LON:RIO is £53,167,876,459 GBP.

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