Rio Tinto plc Stock Rating Reaffirmed by Citigroup Inc. (RIO)
Shares of Rio Tinto plc (LON:RIO) traded down 0.08% during mid-day trading on Friday, hitting GBX 3077.50. The stock had a trading volume of 6,656,939 shares. 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 3184. and its 200-day moving average is GBX 3272.. The company’s market cap is £56.891 billion.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday. They now have a GBX 4,130 ($70.11) price target on the stock. Finally, 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). Two analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,711.41 ($63.00).
Rio Tinto plc (LON:RIO) is an international mining company.
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