Rio Tinto plc Stock Rating Reaffirmed by Sanford C. Bernstein (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They currently have a GBX 4,000 ($67.10) target price on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 18.48% from the stock’s previous close.
Rio Tinto plc (LON:RIO) opened at 3416.50 on Friday. Rio Tinto plc has a 1-year low of GBX 2908.50 and a 1-year high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3317. and its 200-day moving average is GBX 3282.41. The company’s market cap is £63.192 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 analysts have also recently weighed in on RIO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday. They now have a GBX 3,700 ($62.07) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Monday. They now have a GBX 4,650 ($78.01) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday. They now have a GBX 3,800 ($63.75) price target on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. Rio Tinto plc 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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