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Liberum Capital recorded Rio Tinto PLC (LON:RIO), bumping down its price target to 1,485.00GBX earlier today

Yesterday Rio Tinto PLC (LON:RIO) traded 0.78% higher at 2,590.25GBX. The company’s 50-day moving average is 2,458.92GBX and its 200-day moving average is 2,261.04GBX. The last closing price is up 14.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 4,535,171 shares of the stock traded hands, up from an average trading volume of 4,339,640

Liberum Capital reduced the target price of Rio Tinto PLC (LON:RIO) to 1,485.00GBX reporting a possible downside of -0.43%.

Previously on 10/06/2016, Exane BNP Paribas reported on Rio Tinto PLC (LON:RIO) held steady the target price at 2,000.00GBX. At the time, this indicated a possible downside of -0.24%.

See Chart Below

Rio Tinto PLC (LON:RIO)

Rio Tinto PLC has a PE ratio of 1,180.00 with a one year low of 1,557.00GBX and a one year high of 2,800.00GBX Rio Tinto PLC’s market cap is currently 0 GBX.

In addition to Liberum Capital reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is 30.05GBX with 5 firms rating the stock a strong buy, 10 firms rating the stock a buy, 9 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Rio Tinto PLC (LON:RIO)

Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth's mineral resources. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company's aluminum business includes bauxite mines, alumina refineries and aluminum smelters. The Company's copper and coal business includes approximately four copper operating assets, including in the United States, Mongolia, Chile and Indonesia, and over six coal operations in Australia and South Africa, as well as development projects. The Company's diamonds and minerals businesses include mining, refining and marketing operations across approximately five sectors. The Company operates an iron ore portfolio, supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.

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