BNP Paribas Reiterates Outperform Rating for Rio Tinto (RIO)
Rio Tinto (LON:RIO)‘s stock had its “outperform” rating reiterated by BNP Paribas in a research note issued on Monday, Stock Ratings Network reports. They currently have a GBX 4,070 ($67.07) price target on the stock. BNP Paribas’ price target suggests a potential upside of 22.06% from the company’s current price.
A number of other firms have also recently commented on RIO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Friday, January 10th. They now have a GBX 3,800 ($62.62) price target on the stock. Separately, analysts at Barclays raised their price target on shares of Rio Tinto from GBX 3,000 ($49.44) to GBX 3,200 ($52.74) in a research note to investors on Friday, January 10th. They now have an “equal weight” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Thursday, January 9th. They now have a GBX 4,250 ($70.04) price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 3,809.04 ($62.77).
Shares of Rio Tinto (LON:RIO) opened at 3383.0002 on Monday. Rio Tinto has a one year low of GBX 2579.2219 and a one year high of GBX 3872.6101. The stock has a 50-day moving average of GBX 3273. and a 200-day moving average of GBX 3121.. The company’s market cap is £62.508 billion.
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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