Rio Tinto plc’s “Outperform” Rating Reaffirmed at Credit Suisse (RIO)
RIO has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday. Separately, analysts at Bank of America upgraded shares of Rio Tinto plc from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $50.00.
Shares of Rio Tinto plc (NYSE:RIO) traded up 1.38% during mid-day trading on Friday, hitting $56.67. 1,561,658 shares of the company’s stock traded hands. Rio Tinto plc has a 1-year low of $39.14 and a 1-year high of $60.61. The stock’s 50-day moving average is $53.43 and its 200-day moving average is $54.40. The company has a market cap of $104.8 billion and a P/E ratio of 28.33. Rio Tinto plc also was the recipient of some unusual options trading on Tuesday. Stock traders purchased 12,563 put options on the company. This is an increase of approximately 665% compared to the average daily volume of 1,642 put options.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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