Rio Tinto plc Receives Outperform Rating from Sanford C. Bernstein (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reissued by equities researchers at Sanford C. Bernstein in a research report issued on Thursday. They currently have a GBX 4,000 ($66.38) target price on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 22.87% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 2,800 ($46.47) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Wednesday. Finally, 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. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 3,715.82 ($61.66).
Rio Tinto plc (LON:RIO) opened at 3227.00 on Thursday. 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 £59.687 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Investors 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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