Rio Tinto’s Buy Rating Reaffirmed at Deutsche Bank (RIO)
Rio Tinto (LON:RIO)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 4,570 ($73.90) price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 41.93% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Rio Tinto from GBX 3,600 ($58.21) to GBX 4,000 ($64.68) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Wednesday. They now have a GBX 4,070 ($65.82) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Wednesday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 3,835.19 ($62.02).
Rio Tinto (LON:RIO) opened at 3239.50 on Thursday. Rio Tinto has a 1-year low of GBX 2579.2219 and a 1-year high of GBX 3872.6101. The stock has a 50-day moving average of GBX 3090. and a 200-day moving average of GBX 2963.06. The company’s market cap is £59.856 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.