Rio Tinto Limited’s “add” Rating Reaffirmed at CIMB (RIO)
RIO has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Rio Tinto Limited from an “equal weight” rating to a “buy” rating in a research note on Tuesday, July 29th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto Limited in a research note on Monday, July 28th. They now have a $85.25 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Rio Tinto Limited in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of A$84.63 ($79.09).
Shares of Rio Tinto Limited (ASX:RIO) traded up 0.05% on Monday, hitting A$65.430. The stock had a trading volume of 870,189 shares. Rio Tinto Limited has a 52 week low of A$57.060 and a 52 week high of A$71.300. The stock has a 50-day moving average of A$62.00 and a 200-day moving average of A$63.14. The company has a market cap of A$121.0 billion and a P/E ratio of 33.15.
Rio Tinto Limited is an international business company engaged in metal and mineral production. The product groups of the Company include aluminum, copper and diamonds, energy and minerals, and iron ore.
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