Rio Tinto plc Receives Consensus Rating of “Buy” from Brokerages (LON:RIO)
Rio Tinto plc (LON:RIO) has been given an average recommendation of “Buy” by the twenty-five ratings firms that are currently covering the company, American Banking News reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 3,719.48 ($62.59).
RIO has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,550 ($76.56) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 4,145 ($69.75) price target on the stock. Finally, 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 ($67.31) price target on the stock.
Rio Tinto plc (LON:RIO) opened at 3372.4998 on Monday. Rio Tinto plc has a 52-week low of GBX 2905.00 and a 52-week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3234. and its 200-day moving average is GBX 3272.32. The company’s market cap is £62.345 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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