Rio Tinto (LON:RIO) has been given a GBX 4,000 ($54.24) price target by equities researchers at UBS Group in a report issued on Monday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target points to a potential downside of 0.67% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Deutsche Bank reiterated a “buy” rating and issued a GBX 4,300 ($58.31) price objective on shares of Rio Tinto in a research note on Thursday, October 5th. set a GBX 3,900 ($52.89) price objective on Rio Tinto and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Macquarie set a GBX 4,400 ($59.67) price objective on Rio Tinto and gave the stock a “buy” rating in a research note on Wednesday, October 11th. JPMorgan Chase & Co. set a GBX 4,100 ($55.60) price objective on Rio Tinto and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 4,200 ($56.96) price objective on shares of Rio Tinto in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Rio Tinto currently has an average rating of “Buy” and a consensus target price of GBX 4,079.75 ($55.33).
Rio Tinto (LON RIO) traded up GBX 84.50 ($1.15) during trading on Monday, hitting GBX 4,027 ($54.61). The stock had a trading volume of 1,830,104 shares, compared to its average volume of 3,050,000. The company has a market capitalization of $72,560.00 and a price-to-earnings ratio of 1,664.05. Rio Tinto has a twelve month low of GBX 2,882.50 ($39.09) and a twelve month high of GBX 4,226.56 ($57.32).
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About Rio Tinto
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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