Rio Tinto plc Given Buy Rating at Beaufort Securities (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating restated by Beaufort Securities in a research note issued on Friday, AnalystRatingsNetwork reports.
RIO has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Thursday. Separately, analysts at Investec reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday. Finally, 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company’s stock. Rio Tinto plc currently has a consensus rating of “Buy” and an average price target of GBX 3,791.75 ($62.21).
Shares of Rio Tinto plc (LON:RIO) traded up 0.53% on Friday, hitting GBX 3516.00. 5,640,384 shares of the company’s stock traded hands. 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 3297. and a 200-day moving average of GBX 3188.. The company’s market cap is £64.965 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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