Rio Tinto plc Receives “Buy” Rating from Jefferies Group (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Friday. They currently have a GBX 3,900 ($66.20) price target on the stock. Jefferies Group’s target price suggests a potential upside of 26.62% from the company’s current price.
Shares of Rio Tinto plc (LON:RIO) opened at 3114.00 on Friday. 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 3188.17 and a 200-day moving average of GBX 3273.59. The company’s market cap is £57.566 billion.
RIO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,500 ($76.39) 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. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 4,000 ($67.90) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 3,711.41 ($63.00).
Rio Tinto plc (LON:RIO) is an international mining company.
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