Rio Tinto plc Stock Rating Reaffirmed by BMO Capital Markets (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reiterated by investment analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a GBX 3,500 ($58.89) target price on the stock. BMO Capital Markets’ target price would indicate a potential upside of 3.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Thursday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday. They now have a GBX 3,700 ($62.26) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday, August 1st. They now have a GBX 4,550 ($76.56) price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the stock. Rio Tinto plc currently has an average rating of “Buy” and a consensus price target of GBX 3,742.18 ($62.97).
Rio Tinto plc (LON:RIO) opened at 3433.0002 on Thursday. Rio Tinto plc has a 1-year low of GBX 2905.00 and a 1-year high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3261.85 and a 200-day moving average of GBX 3274.62. The company’s market cap is £63.463 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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