Rio Tinto (RIO) Earns “Hold” Rating from Liberum Capital
Several other equities analysts also recently issued reports on the company. Credit Suisse Group set a GBX 5,000 ($65.33) price objective on Rio Tinto and gave the stock a buy rating in a research report on Friday, September 7th. JPMorgan Chase & Co. upgraded Rio Tinto from a neutral rating to an overweight rating and reduced their price objective for the stock from GBX 4,950 ($64.68) to GBX 4,850 ($63.37) in a research report on Monday, September 10th. UBS Group restated a buy rating on shares of Rio Tinto in a research report on Thursday, September 6th. Citigroup restated a buy rating on shares of Rio Tinto in a research report on Friday, September 21st. Finally, Morgan Stanley set a GBX 3,900 ($50.96) target price on Rio Tinto and gave the stock a neutral rating in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Rio Tinto has a consensus rating of Hold and an average target price of GBX 4,196.47 ($54.83).
Shares of LON RIO opened at GBX 3,849.50 ($50.30) on Wednesday. Rio Tinto has a 12-month low of GBX 2,882.50 ($37.66) and a 12-month high of GBX 4,226.56 ($55.23).
Rio Tinto Company Profile
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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