Rio Tinto PLC (LON:RIO) Rating Reaffirmed
The rating of Rio Tinto PLC (LON:RIO) shares were reaffirmed by stock analysts at Citigroup. This was disclosed to clients in analysts report on Friday morning.
From a total of 28 analysts covering Rio Tinto PLC (LON:RIO) stock, 18 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is GBX 4000 while the lowest target price is GBX 3. The mean of all analyst targets is GBX 2716.50 with a 22.34% above today’s (GBX 2220.5) stock price. Rio Tinto PLC was the topic of 121 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on November 27 with “Buy” rating. JP Morgan maintained shares with “Overweight” rating and GBX 3000 target share price in a report from a November 23. Bank of America maintained RIO stock in a recent report from November 25 with “Underperform” rating. Bernstein maintained the rating on November 23. Bernstein has a “Outperform” rating and a GBX 4000 price target on shares. Finally, Goldman Sachs maintained the stock with “Sell” rating in a report issued on a November 25.
Approximately 66,528 shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 21.28% since April 30, 2015 and is downtrending. It has underperformed by 19.92% the S&P500.
Rio Tinto plc is a global mining company. The company has a market cap of 40.07 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 21.26 P/E ratio. The Firm operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore.
According to Zacks Investment Research, “Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon. RTZ’s various mining operations are located in New Zealand, Australia, South Africa, Europe and Canada.” Get a free copy of the Zacks research report on Rio Tinto plc (RIO)