Rio Tinto plc Given New GBX 4,165 Price Target at Canaccord Genuity (RIO)
Equities researchers at Canaccord Genuity upped their price target on shares of Rio Tinto plc (LON:RIO) from GBX 4,145 ($69.54) to GBX 4,165 ($69.87) in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 23.22% from the company’s current price.
Shares of Rio Tinto plc (LON:RIO) traded up 3.77% during mid-day trading on Monday, hitting GBX 3507.3601. The stock had a trading volume of 6,854,577 shares. Rio Tinto plc has a one year low of GBX 2908.50 and a one year high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3296. and a 200-day moving average of GBX 3277.. The company’s market cap is £64.872 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 ($0.95) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of other firms have also recently commented on RIO. 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 ($67.10) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Rio Tinto plc from GBX 4,100 ($68.78) to GBX 4,200 ($70.46) 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 ($64.59) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Rio Tinto plc currently has an average rating of “Buy” and a consensus target price of GBX 3,752.18 ($62.95).
Rio Tinto plc (LON:RIO) is an international mining company.
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