Rio Tinto plc Given Buy Rating at Societe Generale (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating restated by investment analysts at Societe Generale in a note issued to investors on Tuesday. They currently have a GBX 4,130 ($70.11) price objective on the stock. Societe Generale’s price objective indicates a potential upside of 36.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec downgraded shares of Rio Tinto plc to a “hold” rating in a research note on Monday. They now have a GBX 3,128 ($53.10) price target on the stock, down previously from GBX 3,624 ($61.52). Separately, analysts at BNP Paribas cut their price target on shares of Rio Tinto plc from GBX 4,070 ($69.09) to GBX 3,800 ($64.51) in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Rio Tinto plc from GBX 4,690 ($79.61) to GBX 4,580 ($77.75) in a research note on Friday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 3,644.96 ($61.87).
Rio Tinto plc (LON:RIO) traded up 0.79% on Tuesday, hitting GBX 3049.00. The stock had a trading volume of 3,997,440 shares. 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 3198.87 and a 200-day moving average of GBX 3277.. The company’s market cap is £56.365 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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