Investec Lowers Rio Tinto plc Price Target to GBX 3,645 (RIO)
Investec lowered their price objective on shares of Rio Tinto plc (LON:RIO) from GBX 3,765 ($62.42) to GBX 3,645 ($60.43) in a research note issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Investec’s price objective suggests a potential upside of 9.02% from the stock’s previous close.
Shares of Rio Tinto plc (LON:RIO) opened at 3362.50 on Tuesday. Rio Tinto plc has a 52-week low of GBX 2579.2219 and a 52-week high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3333.85 and a 200-day moving average of GBX 3252.. The company’s market cap is £62.160 billion.
RIO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Rio Tinto plc in a research note on Wednesday, April 2nd. They now have a GBX 2,790 ($46.25) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Rio Tinto plc from GBX 4,600 ($76.26) to GBX 4,500 ($74.60) in a research note on Wednesday, April 2nd. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 3,696.50 ($61.28).
Rio Tinto plc (LON:RIO) is an international mining company.
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