Rio Tinto Stock Rating Reaffirmed by Liberum Capital (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a note issued to investors on Wednesday, ARN reports.
RIO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Friday, September 13th. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Thursday, September 12th. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Thursday, September 12th. They now have a $46.00 price target on the stock.
Two analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. Rio Tinto presently has a consensus rating of “Buy” and an average price target of $55.59.
Rio Tinto (NYSE:RIO) traded up 3.16% during mid-day trading on Wednesday, hitting $51.89. The stock had a trading volume of 3,865,470 shares. Rio Tinto has a one year low of $39.14 and a one year high of $60.45. The stock has a 50-day moving average of $47.86 and a 200-day moving average of $45.85. The company’s market cap is $95.877 billion.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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