Rio Tinto Rating Reiterated by Liberum Capital (RIO)
Rio Tinto (LON:RIO)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Wednesday, AnalystRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Friday, September 13th. They now have a GBX 4,300 ($68.28) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Thursday, September 12th. They now have a GBX 3,900 ($61.92) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Tuesday, September 10th. They now have a GBX 3,950 ($62.72) price target on the stock.
Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 3,771.55 ($59.88).
Rio Tinto (LON:RIO) traded down 1.25% on Wednesday, hitting GBX 3111.50. 3,542,904 shares of the company’s stock traded hands. 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 3076. and a 200-day moving average of GBX 2985.. The company’s market cap is £57.491 billion.
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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