Rio Tinto Stock Rating Reaffirmed by Credit Suisse (RIO)
Rio Tinto (LON:RIO)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 4,000 ($65.61) price target on the stock. Credit Suisse’s price target suggests a potential upside of 24.42% from the company’s current price.
A number of other firms have also recently commented on RIO. Analysts at JPMorgan Chase & Co. cut their price target on shares of Rio Tinto from GBX 4,500 ($73.81) to GBX 4,400 ($72.17) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, 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. 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 company presently has a consensus rating of “Buy” and an average target price of GBX 3,798.96 ($62.31).
Rio Tinto (LON:RIO) opened at 3202.5002 on Wednesday. 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 3271.61 and a 200-day moving average of GBX 3099.. The company’s market cap is £59.173 billion.
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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