Rio Tinto plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a GBX 4,500 ($76.39) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 46.10% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. 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) traded down 0.08% on Friday, hitting GBX 3077.50. The stock had a trading volume of 6,656,939 shares. Rio Tinto plc has a one year low of GBX 2579.2219 and a one year 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.
Rio Tinto plc (LON:RIO) is an international mining company.
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