Rio Tinto Given Outperform Rating at BNP Paribas (RIO)
Rio Tinto (LON:RIO)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 3,950 ($61.76) price objective on the stock. BNP Paribas’ price target points to a potential upside of 26.18% from the company’s current price.
A number of other firms have also recently commented on RIO. Analysts at JPMorgan Chase & Co. raised their price target on shares of Rio Tinto (LON:RIO) from GBX 4,200 ($65.67) to GBX 4,300 ($67.23) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Monday. They now have a GBX 3,600 ($56.29) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Monday. They now have a GBX 3,590 ($56.13) price target on the stock.
Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 3,766.94 ($58.90).
Rio Tinto (LON:RIO) opened at 3220.50 on Tuesday. Rio Tinto has a one year low of GBX 2579.22 and a one year high of GBX 3872.6101. The stock has a 50-day moving average of GBX 3035.32 and a 200-day moving average of GBX 3001.85. The company’s market cap is £59.505 billion.
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.