Rio Tinto plc Stock Rating Reaffirmed by RBC Capital (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating restated by stock analysts at RBC Capital in a report issued on Tuesday. They currently have a GBX 3,700 ($62.26) target price on the stock. RBC Capital’s target price points to a potential upside of 10.41% from the company’s current price.
RIO has been the subject of a number of other 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, July 31st. 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, July 31st. They now have a GBX 4,000 ($67.31) price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. Rio Tinto plc presently has an average rating of “Buy” and a consensus target price of GBX 3,719.48 ($62.59).
Rio Tinto plc (LON:RIO) traded down 0.28% on Tuesday, hitting GBX 3350.9998. 2,356,027 shares of the company’s stock traded hands. Rio Tinto plc has a one year low of GBX 2905.00 and a one year high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3251. and its 200-day moving average is GBX 3274.58. The company’s market cap is £61.947 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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