Rio Tinto plc 29.7% Potential Decrease Indicated by RBC Capital Markets

Broker Ratings
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Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at RBC Capital Markets. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. RBC Capital Markets have set their target price at 3100 GBX on its stock. This would indicate that the analyst believes there is a downside of -29.7% from the opening price of 4410 GBX. Over the last 30 and 90 trading days the company share price has increased 143 points and increased 714.5 points respectively. The 52 week high for the stock is 4541 GBX while the 52 week low is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,132.40 GBX and a 200 Day Moving Average share price is recorded at 3,975.61. There are currently 1,266,427,142 shares in issue with the average daily volume traded being 4,359,101. Market capitalisation for LON:RIO is £55,851,335,366 GBP.

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