Rio Tinto plc’s “Buy” Rating Reaffirmed at Canaccord Genuity (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a report issued on Monday. They currently have a GBX 4,200 ($70.41) price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 37.39% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,000 ($67.06) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 3,850 ($64.54) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, May 28th. They now have a GBX 4,690 ($78.63) price target on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company. Rio Tinto plc has an average rating of “Buy” and a consensus price target of GBX 3,680.46 ($61.70).
Shares of Rio Tinto plc (LON:RIO) opened at 3113.50 on Monday. Rio Tinto plc has a 52-week low of GBX 2579.2219 and a 52-week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3258.34 and its 200-day moving average is GBX 3285.15. The company’s market cap is £57.557 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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