Rio Tinto (RIO) Earns “Neutral” Rating from BNP Paribas
Rio Tinto (LON:RIO)‘s stock had its “neutral” rating restated by equities researchers at BNP Paribas in a research note issued on Thursday.
Several other analysts also recently issued reports on the stock. Credit Suisse Group reissued an “outperform” rating and issued a GBX 4,300 ($58.33) price target on shares of Rio Tinto in a research report on Tuesday, February 27th. Macquarie set a GBX 4,900 ($66.47) price target on shares of Rio Tinto and gave the company a “buy” rating in a research report on Wednesday, January 24th. Morgan Stanley set a GBX 3,900 ($52.90) price target on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Thursday, February 15th. Liberum Capital reissued a “sell” rating and issued a GBX 2,750 ($37.30) price target on shares of Rio Tinto in a research report on Monday, April 9th. Finally, Royal Bank of Canada set a GBX 4,200 ($56.97) price target on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 4,166.25 ($56.51).
Rio Tinto opened at GBX 4,350 ($59.01) on Thursday, according to Marketbeat.com. Rio Tinto has a 12-month low of GBX 2,882.50 ($39.10) and a 12-month high of GBX 4,226.56 ($57.33).
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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