Rio Tinto plc Rating Reiterated by Deutsche Bank (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Monday. They currently have a GBX 4,650 ($77.17) price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 44.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,200 ($69.70) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday, August 26th. They now have a GBX 4,000 ($66.38) price target on the stock. Finally, analysts at Sanford C. Bernstein 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 ($66.38) 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 stock. Rio Tinto plc currently has a consensus rating of “Buy” and an average target price of GBX 3,743.48 ($62.12).
Rio Tinto plc (LON:RIO) opened at 3230.00 on Monday. 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 3364.86 and its 200-day moving average is GBX 3290.. The company’s market cap is £59.742 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 ($0.94) 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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