Rio Tinto plc Given Average Recommendation of “Buy” by Brokerages (LON:RIO)
Rio Tinto plc (LON:RIO) has earned an average recommendation of “Buy” from the twenty-five brokerages that are currently covering the company, Analyst RN reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 3,746.73 ($63.04).
Rio Tinto plc (LON:RIO) opened at 3369.50 on Monday. 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 3270.61 and a 200-day moving average of GBX 3275.32. The company’s market cap is £62.289 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 56.90 ($0.96) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of analysts have recently weighed in on RIO shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,000 ($67.31) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Rio Tinto plc from GBX 4,100 ($68.99) to GBX 4,200 ($70.67) in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 3,850 ($64.78) price target on the stock.
Rio Tinto plc (LON:RIO) is an international mining company.
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