Rio Tinto (LON:RIO) Rating Reaffirmed
In an interesting research report finalized on Monday, 7 December, The Outperform rating of Rio Tinto (LON:RIO) shares was has decided to reaffirm by Analysts at Bernstein, who now has a GBX 2520 target price on the stock. Bernstein’s target price could mean a possible upside of 20.26% from the current price of the company.
From a total of 27 analysts covering Rio Tinto PLC (LON:RIO) stock, 19 rate it a ”Buy”, 4 a “Sell”, and 5 a ”Hold”. This means that 68% of the ratings are positive. The highest target price is GBX 59.79 while the lowest target price is GBX 28.4. The mean of all analyst targets is GBX 40.14 with a 30.06% above today’s (GBX 2082) stock price. Rio Tinto PLC was the topic of 130 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 30 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 2800 target share price in a report from a November 30. Bernstein maintained RIO stock in a recent report from November 30 with “Outperform” rating. Deutsche Bank maintained the rating on November 30. Deutsche Bank has a “Buy” rating and a GBX 3450 price target on shares. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a November 30.
Approximately 988,065 shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 30.60% since May 8, 2015 and is downtrending. It has underperformed by 29.52% the S&P500.
Rio Tinto plc is a global mining company. The company has a market cap of 37.82 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 19.99 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).