Liberum Capital Reiterates “Buy” Rating for Rio Tinto (RIO)
Rio Tinto (LON:RIO)‘s stock had its “buy” rating restated by Liberum Capital in a research note issued on Friday, Stock Ratings News reports. They currently have a GBX 3,450 ($56.85) target price on the stock. Liberum Capital’s target price indicates a potential upside of 6.37% from the company’s current price.
Rio Tinto (LON:RIO) opened at 3243.5002 on Friday. Rio Tinto has a 1-year low of GBX 2579.2219 and a 1-year high of GBX 3872.6101. The stock’s 50-day moving average is GBX 3265. and its 200-day moving average is GBX 3155.91. The company’s market cap is £59.930 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Wednesday. They now have a GBX 4,125 ($67.97) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Tuesday. They now have a GBX 3,800 ($62.61) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Monday, January 27th. They now have a GBX 4,641 ($76.47) price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 3,807.15 ($62.73).
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.