Rio Tinto plc’s Equal Weight Rating Reaffirmed at Barclays (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “equal weight” rating restated by equities researchers at Barclays in a research report issued on Tuesday. They currently have a GBX 3,350 ($57.06) price target on the stock. Barclays’ price objective indicates a potential upside of 7.78% from the company’s current price.
Shares of Rio Tinto plc (LON:RIO) opened at 3197.00 on Tuesday. Rio Tinto plc has a 52-week low of GBX 2605.00 and a 52-week 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 3266.67. The company’s market cap is £59.101 billion.
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 Tuesday. They now have a GBX 3,850 ($65.58) 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 Monday. They now have a GBX 4,130 ($70.35) price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 3,715.26 ($63.28).
Rio Tinto plc (LON:RIO) is an international mining company.
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