Rio Tinto plc Stock Rating Reaffirmed by Deutsche Bank (RIO)
RIO has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday. Finally, analysts at Zacks upgraded shares of Rio Tinto plc from an “underperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $61.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.00.
Shares of Rio Tinto plc (NYSE:RIO) traded up 1.41% on Monday, hitting $57.44. 2,024,981 shares of the company’s stock traded hands. Rio Tinto plc has a 52 week low of $45.00 and a 52 week high of $60.61. The stock has a 50-day moving average of $55.44 and a 200-day moving average of $54.85. The company has a market cap of $106.2 billion and a P/E ratio of 28.71.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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