UBS Group Analysts Give Rio Tinto (RIO) a GBX 4,000 Price Target
Rio Tinto (LON:RIO) received a GBX 4,000 ($55.26) price objective from investment analysts at UBS Group in a research note issued to investors on Monday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 9.94% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and issued a GBX 4,300 ($59.41) price objective on shares of Rio Tinto in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 4,200 ($58.03) target price on shares of Rio Tinto in a research note on Tuesday, February 27th. Morgan Stanley set a GBX 3,900 ($53.88) target price on shares of Rio Tinto and gave the company a “neutral” rating in a research note on Thursday, February 15th. Deutsche Bank set a GBX 4,600 ($63.55) target price on shares of Rio Tinto and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, HSBC cut their target price on shares of Rio Tinto from GBX 4,300 ($59.41) to GBX 4,100 ($56.65) and set a “hold” rating for the company in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 4,127.63 ($57.03).
Shares of Rio Tinto (RIO) opened at GBX 3,638.50 ($50.27) on Monday. Rio Tinto has a one year low of GBX 2,882.50 ($39.82) and a one year high of GBX 4,226.56 ($58.39). The firm has a market cap of $66,640.00 and a price-to-earnings ratio of 980.73.
COPYRIGHT VIOLATION WARNING: “UBS Group Analysts Give Rio Tinto (RIO) a GBX 4,000 Price Target” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/ubs-group-analysts-give-rio-tinto-rio-a-gbx-4000-price-target-4/1908058.html.
Rio Tinto Company Profile
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.