Rio Tinto Rating Reiterated by Citigroup Inc. (RIO)
Rio Tinto (LON:RIO)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 4,000 ($65.63) price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 16.77% from the company’s current price.
A number of other firms have also recently commented on RIO. Analysts at Goldman Sachs reiterated a “conviction sell” rating on shares of Rio Tinto in a research note on Wednesday. They now have a GBX 2,450 ($40.20) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto in a research note on Tuesday. They now have a GBX 4,000 ($65.63) price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Rio Tinto in a research note on Tuesday. They now have a GBX 4,050 ($66.45) price target on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 3,818.69 ($62.65).
Rio Tinto (LON:RIO) traded up 1.26% on Wednesday, hitting GBX 3503.50. 4,830,004 shares of the company’s stock traded hands. 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 3282. and its 200-day moving average is GBX 3180.12. The company’s market cap is £64.734 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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