Rio Tinto plc Given “Outperform” Rating at Sanford C. Bernstein (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reissued by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday. They currently have a GBX 4,000 ($66.19) price target on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 17.91% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein & Co reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday, August 19th. They now have a GBX 4,000 ($66.19) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Tuesday, August 19th. They now have a GBX 3,552 ($58.78) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday, August 18th. They now have a GBX 4,000 ($66.19) price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 3,754.17 ($62.12).
Rio Tinto plc (LON:RIO) opened at 3337.00 on Tuesday. 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 3365. and its 200-day moving average is GBX 3292.. The company’s market cap is £61.721 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Wednesday, August 13th will be paid a dividend of GBX 56.90 ($0.94) per share. This represents a dividend yield of 1.68%. The ex-dividend date is Wednesday, August 13th.
Rio Tinto plc (LON:RIO) is an international mining company.
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