Rio Tinto’s (RIO) Buy Rating Reaffirmed at Jefferies Group
Several other equities analysts also recently weighed in on the stock. J P Morgan Chase & Co set a GBX 3,750 ($50.47) target price on shares of Rio Tinto and gave the stock a neutral rating in a research note on Thursday, December 14th. UBS set a GBX 4,000 ($53.84) target price on shares of Rio Tinto and gave the stock a buy rating in a research note on Wednesday, December 13th. Goldman Sachs Group set a GBX 3,300 ($44.41) target price on shares of Rio Tinto and gave the stock a neutral rating in a research note on Monday, December 11th. Barclays reduced their target price on shares of Rio Tinto from GBX 4,500 ($60.57) to GBX 4,300 ($57.87) and set an overweight rating for the company in a research note on Tuesday, December 5th. Finally, Deutsche Bank reiterated a buy rating and issued a GBX 4,500 ($60.57) target price on shares of Rio Tinto in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Rio Tinto presently has a consensus rating of Buy and a consensus target price of GBX 3,984.75 ($53.63).
Rio Tinto (LON RIO) opened at GBX 3,674 ($49.45) on Monday. Rio Tinto has a 12 month low of GBX 2,882.50 ($38.80) and a 12 month high of GBX 4,226.56 ($56.89).
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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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