Rio Tinto Rating Reiterated by Deutsche Bank (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday, AnalystRatings.Net reports.
A number of other analysts have also recently weighed in on RIO. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Wednesday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Tuesday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.59.
Shares of Rio Tinto (NYSE:RIO) remained flat at $51.33 during trading on Wednesday. 1,956,044 shares of the company’s stock traded hands. Rio Tinto has a one year low of $39.14 and a one year high of $60.45. The stock’s 50-day moving average is $49.00 and its 200-day moving average is $45.92. The company’s market cap is $94.842 billion.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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