Rio Tinto Limited Stock Rating Reaffirmed by Deutsche Bank (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Tuesday, Analyst RN reports. They currently have a $84.00 price target on the stock.
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 Limited in a research note on Friday. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Rio Tinto Limited from a “sell” rating to an “overweight” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of A$84.00 ($78.50).
Shares of Rio Tinto Limited (ASX:RIO) traded down 0.15% during mid-day trading on Tuesday, hitting A$62.645. 895,707 shares of the company’s stock traded hands. Rio Tinto Limited has a 1-year low of A$49.810 and a 1-year high of A$71.300. The stock’s 50-day moving average is A$66.52 and its 200-day moving average is A$64.40. The company has a market cap of A$115.8 billion and a P/E ratio of 31.80.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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