Barclays Capital Reconfirmed Rio Tinto PLC (LON:RIO) As a Overweight; They Now Have a Price Target Of GBX 2800.00

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Rio Tinto PLC (LON:RIO) Rating Reaffirmed

Researchers at Barclays Capital now has a GBX 2800.00 TP on Rio Tinto PLC (LON:RIO). Barclays Capital and their recent TP would now indicate a potential upside of 47.91% from the company’s last price. The rating has been unveiled in a recent report on 9 December.

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 36.54% above today’s (GBX 1893) stock price. Rio Tinto PLC was the topic of 136 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 9 with “Overweight” rating. Bernstein maintained shares with “Outperform” rating and GBX 2520 target share price in a report from a December 7. Credit Suisse maintained RIO stock in a recent report from December 8 with “Neutral” rating. UBS maintained the rating on November 30. UBS has a “Buy” rating and a GBX 2700 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a December 8.

The stock closed the day at GBX 1893 during the previous session. It is down 36.79% since May 12, 2015 and is downtrending. It has underperformed by 36.00% the S&P500.

Barclays Capital Reconfirmed Rio Tinto PLC (LON:RIO) As a Overweight; They Now Have a Price Target Of GBX 2800.00

Rio Tinto plc is a global mining company. The company has a market cap of 37.74 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 18.06 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).

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