Rio Tinto (RIO) Stock Rating Reaffirmed by Citigroup
Rio Tinto (LON:RIO)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research report issued on Friday.
A number of other equities analysts have also weighed in on the stock. Credit Suisse Group set a GBX 4,300 ($57.25) target price on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Thursday. UBS Group set a GBX 4,000 ($53.26) target price on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Wednesday. BNP Paribas restated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, May 17th. Macquarie set a GBX 4,700 ($62.57) target price on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Thursday, May 24th. Finally, Morgan Stanley set a GBX 3,900 ($51.92) target price on shares of Rio Tinto and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 4,168.75 ($55.50).
Rio Tinto opened at GBX 4,402 ($58.61) on Friday, according to MarketBeat. Rio Tinto has a 1-year low of GBX 2,882.50 ($38.38) and a 1-year high of GBX 4,226.56 ($56.27).
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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