Rio Tinto plc 21.4% Potential Upside Indicated by JP Morgan Cazenove

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 ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set their target price at 4730 GBX on its stock. This now indicates the analyst believes there is a possible upside of 21.4% from today’s opening price of 3895.5 GBX. Over the last 30 and 90 trading days the company share price has increased 177 points and decreased 290.5 points respectively. The 52 week high share price is 5039 GBX while the 52 week low for the share price is 2954 GBX.

Rio Tinto plc has a 50 day moving average of 3,742.99 GBX and the 200 Day Moving Average price is recorded at 4,159.00. There are currently 1,246,679,820 shares in issue with the average daily volume traded being 4,566,943. Market capitalisation for LON:RIO is £47,753,994,413 GBP.

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