Rio Tinto Given New GBX 4,570 Price Target at Deutsche Bank (RIO)
Analysts at Deutsche Bank hoisted their price target on shares of Rio Tinto (LON:RIO) from GBX 4,300 ($68.88) to GBX 4,570 ($73.20) in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 45.52% from the stock’s previous close.
Rio Tinto (LON:RIO) traded up 0.05% during mid-day trading on Thursday, hitting GBX 3140.50. 2,192,768 shares of the company’s stock traded hands. Rio Tinto has a 52-week low of GBX 2579.2219 and a 52-week high of GBX 3872.6101. The stock’s 50-day moving average is GBX 3085. and its 200-day moving average is GBX 2987.35. The company’s market cap is £58.027 billion.
RIO has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Tuesday. They now have a GBX 3,800 ($60.87) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Rio Tinto (LON:RIO) from GBX 3,700 ($59.27) to GBX 3,800 ($60.87) in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of Rio Tinto (LON:RIO) in a research note to investors on Thursday, September 19th. They now have a GBX 3,400 ($54.46) price target on the stock. Three research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company. Rio Tinto currently has an average rating of “Buy” and a consensus target price of GBX 3,812.70 ($61.07).
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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