Rio Tinto plc Given “Buy” Rating at Deutsche Bank (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 4,640 ($77.96) price objective on the stock. Deutsche Bank’s price objective suggests a potential upside of 41.52% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, April 23rd. They now have a GBX 4,200 ($70.56) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday, April 17th. They now have a GBX 3,700 ($62.16) price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, April 16th. They now have a GBX 4,000 ($67.20) price target on the stock. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. Rio Tinto plc presently has a consensus rating of “Buy” and a consensus target price of GBX 3,731.77 ($62.70).
Rio Tinto plc (LON:RIO) opened at 3219.50 on Monday. Rio Tinto plc has a 1-year low of GBX 2579.2219 and a 1-year high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3272.86 and a 200-day moving average of GBX 3276.33. The company’s market cap is £59.516 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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