Rio Tinto Limited Given Buy Rating at Deutsche Bank (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Thursday, Analyst Ratings Net reports. They currently have a $86.00 price target on the stock.
Rio Tinto Limited (ASX:RIO) traded up 0.92% during mid-day trading on Thursday, hitting A$70.230. The stock had a trading volume of 1,618,760 shares. Rio Tinto Limited has a 1-year low of A$49.810 and a 1-year high of A$70.920. The stock has a 50-day moving average of A$66.22 and a 200-day moving average of A$63.91. The company has a market cap of A$129.8 billion and a price-to-earnings ratio of 35.27.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto Limited in a research note on Sunday, February 16th. Separately, analysts at JPMorgan Chase & Co. reiterated a “positive” rating on shares of Rio Tinto Limited in a research note on Friday, December 13th. Finally, analysts at JPMorgan Chase & Co. reiterated a “positive” rating on shares of Rio Tinto Limited in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of A$86.00 ($78.18).
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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