Rio Tinto PT Lowered to GBX 4,400 (RIO)
Investment analysts at JPMorgan Chase & Co. decreased their price objective on shares of Rio Tinto (LON:RIO) from GBX 4,500 ($73.81) to GBX 4,400 ($72.17) in a note issued to investors on Wednesday, Analyst RN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 37.93% from the company’s current price.
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 in a research note to investors on Wednesday, December 18th. They now have a GBX 3,800 ($62.33) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Tuesday, December 17th. They now have a GBX 4,000 ($65.61) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Rio Tinto from GBX 4,645 ($76.19) to GBX 4,685 ($76.84) in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 3,798.96 ($62.31).
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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