Liberum Capital Reiterates Sell Rating for Rio Tinto plc (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “sell” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 2,800 ($46.47) price objective on the stock. Liberum Capital’s target price suggests a potential downside of 13.99% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Wednesday. 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 ($77.17) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday, August 29th. They now have a GBX 4,200 ($69.70) price target on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 3,715.82 ($61.66).
Rio Tinto plc (LON:RIO) traded down 0.11% on Thursday, hitting GBX 3252.00. 3,114,977 shares of the company’s stock traded hands. Rio Tinto plc has a 52 week low of GBX 2935.00 and a 52 week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3366.58 and its 200-day moving average is GBX 3283.12. The company’s market cap is £60.149 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 56.90 ($0.94) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
Rio Tinto plc (LON:RIO) is an international mining company.
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