Rio Tinto plc Stock Rating Reaffirmed by Citigroup Inc. (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday. They currently have a GBX 3,850 ($65.58) target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 23.87% from the company’s current price.
Shares of Rio Tinto plc (LON:RIO) traded up 3.02% during mid-day trading on Tuesday, hitting GBX 3202.5002. 5,078,591 shares of the company’s stock traded hands. Rio Tinto plc has a 1-year low of GBX 2605.00 and a 1-year high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3165.37 and a 200-day moving average of GBX 3267.. The company’s market cap is £59.202 billion.
A number of other analysts have also recently weighed in on RIO. Analysts at Societe Generale reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Monday. They now have a GBX 4,130 ($70.35) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, June 25th. They now have a GBX 4,580 ($78.01) price target on the stock. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday, June 24th. They now have a GBX 3,500 ($59.62) price target on the stock. Two equities 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 issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 3,715.26 ($63.28).
Rio Tinto plc (LON:RIO) is an international mining company.
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