Rio Tinto plc using EPIC/TICKER code (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning 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 5050 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 21.6% from today’s opening price of 4153 GBX. Over the last 30 and 90 trading days the company share price has increased 322 points and increased 213 points respectively. The 1 year high share price is 4541 GBX while the year low share price is currently 3460 GBX.
Rio Tinto plc has a 50 day moving average of 3,827.17 GBX and the 200 Day Moving Average price is recorded at 3,954.70. There are currently 1,271,699,571 shares in issue with the average daily volume traded being 4,109,978. Market capitalisation for LON:RIO is £53,328,721,509 GBP.
