Rio Tinto plc Given Buy Rating at Canaccord Genuity (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research note issued on Thursday, Stock Ratings News reports. They currently have a GBX 4,250 ($69.73) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 21.52% from the stock’s previous close.
RIO has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 3,500 ($57.42) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday. They now have a GBX 4,000 ($65.63) price target on the stock. Finally, analysts at Goldman Sachs reiterated a “conviction sell” rating on shares of Rio Tinto plc in a research note on Wednesday. They now have a GBX 2,450 ($40.20) price target on the stock. Three 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 company has a consensus rating of “Buy” and an average price target of GBX 3,783.42 ($62.07).
Rio Tinto plc (LON:RIO) traded up 1.42% during mid-day trading on Thursday, hitting GBX 3509.00. The stock had a trading volume of 5,265,970 shares. Rio Tinto plc has a 52 week low of GBX 2579.2219 and a 52 week high of GBX 3872.6101. The stock has a 50-day moving average of GBX 3282. and a 200-day moving average of GBX 3180.12. The company’s market cap is £64.836 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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