Rio Tinto plc Given Outperform Rating at Credit Suisse (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Monday. They currently have a GBX 4,000 ($66.87) price target on the stock. Credit Suisse’s price target suggests a potential upside of 17.44% from the company’s current price.
Shares of Rio Tinto plc (LON:RIO) traded up 0.18% on Monday, hitting GBX 3412.00. 2,547,898 shares of the company’s stock traded hands. Rio Tinto plc has a 52 week low of GBX 2908.50 and a 52 week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3339.18 and its 200-day moving average is GBX 3285.91. The company’s market cap is £63.108 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 56.90 ($0.95) per share. This represents a dividend yield of 1.68%. The ex-dividend date is Wednesday, August 13th.
A number of other analysts have also recently weighed in on RIO. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,000 ($66.87) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday, August 13th. They now have a GBX 3,700 ($61.85) 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 Monday, August 11th. They now have a GBX 4,650 ($77.73) price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 3,752.18 ($62.72).
Rio Tinto plc (LON:RIO) is an international mining company.
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