Rio Tinto plc Receives “Buy” Rating from Investec (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Thursday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 4,250 ($69.73) price target on the stock. Separately, 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. Finally, 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. Three 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 stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 3,783.42 ($62.07).
Rio Tinto plc (LON:RIO) opened at 3507.50 on Thursday. 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 £64.808 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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