Rio Tinto plc 5.8% Potential Upside Indicated by HSBC

Broker Ratings

Rio Tinto plc with EPIC/TICKER (LON:RIO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. HSBC have set a target price of 5000 GBX on its stock. This indicates the analyst now believes there is a potential upside of 5.8% from the opening price of 4725 GBX. Over the last 30 and 90 trading days the company share price has increased 458 points and increased 795.5 points respectively. The 52 week high share price is 4790.5 GBX while the 52 week low for the stock is 3460 GBX.

Rio Tinto plc has a 50 day moving average of 4,425.97 GBX and a 200 Day Moving Average share price is recorded at 4,001.27. There are currently 1,263,929,846 shares in issue with the average daily volume traded being 3,874,403. Market capitalisation for LON:RIO is £59,398,383,112 GBP.

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