Rio Tinto plc 20.8% Potential Upside Indicated by HSBC

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 ‘BUY’ today by analysts at HSBC. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. HSBC have set their target price at 4780 GBX on its stock. This now indicates the analyst believes there is a possible upside of 20.8% from the opening price of 3958 GBX. Over the last 30 and 90 trading days the company share price has increased 228 points and increased 192.5 points respectively. The 1 year high stock 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 3,796.82 GBX and the 200 Day Moving Average price is recorded at 3,950.26. There are currently 1,272,375,570 shares in issue with the average daily volume traded being 3,998,998. Market capitalisation for LON:RIO is £50,837,765,899 GBP.

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