Rio Tinto (RIO) Stock Rating Reaffirmed by Citigroup
RIO has been the subject of a number of other research reports. Goldman Sachs Group set a GBX 3,000 ($40.68) price objective on Rio Tinto and gave the company a neutral rating in a research note on Wednesday, October 18th. Credit Suisse Group upped their price objective on Rio Tinto from GBX 4,000 ($54.24) to GBX 4,300 ($58.31) and gave the company an outperform rating in a research note on Thursday, October 26th. upped their price objective on Rio Tinto from GBX 3,900 ($52.89) to GBX 4,000 ($54.24) and gave the company a buy rating in a research note on Wednesday, October 18th. Deutsche Bank restated 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. Finally, Macquarie restated an outperform rating and issued a GBX 4,300 ($58.31) price objective on shares of Rio Tinto in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 4,029.75 ($54.65).
Rio Tinto (LON RIO) opened at GBX 4,170 ($56.55) on Wednesday. The stock has a market capitalization of $74,450.00 and a price-to-earnings ratio of 1,648.22. Rio Tinto has a 12 month low of GBX 2,882.50 ($39.09) and a 12 month high of GBX 4,226.56 ($57.32).
COPYRIGHT VIOLATION NOTICE: “Rio Tinto (RIO) Stock Rating Reaffirmed by Citigroup” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.watchlistnews.com/rio-tinto-rio-stock-rating-reaffirmed-by-citigroup/1805352.html.
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.
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.