Rio Tinto Stock Rating Reaffirmed by Beaufort Securities (RIO)
Rio Tinto (LON:RIO)‘s stock had its “buy” rating reaffirmed by investment analysts at Beaufort Securities in a note issued to investors on Friday, American Banking News.com reports.
Rio Tinto (LON:RIO) opened at 3405.50 on Friday. 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 3267.11 and its 200-day moving average is GBX 3119.. The company’s market cap is £62.923 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Rio Tinto from GBX 4,400 ($72.51) to GBX 4,500 ($74.16) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Thursday. They now have a GBX 4,210 ($69.38) price target on the stock. Finally, analysts at Investec raised their price target on shares of Rio Tinto from GBX 3,668 ($60.45) to GBX 3,684 ($60.71) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. Rio Tinto currently has an average rating of “Buy” and an average price target of GBX 3,791.84 ($62.49).
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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