-60.98% to Target, Credit Suisse Reiterates ‘”Neutral”’ Rating on Rio Tinto (LON:RIO) Shares Today

Share

Rio Tinto (LON:RIO) Rating Reaffirmed

Credit Suisse now has a GBX 750.00 target price per share on shares of Rio Tinto (LON:RIO). The target price per share may mean a potential downside of -60.98% from the previous stock close of Rio Tinto (LON:RIO). This rating was unveiled in an analyst note on Tuesday morning.

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 60.21 while the lowest target price is GBX 28.6. The mean of all analyst targets is GBX 40.23 with a 36.43% above today’s (GBX 1894.5) 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.

Approximately 3.03 million shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 36.79% since May 12, 2015 and is downtrending. It has underperformed by 36.00% the S&P500.

-60.98% to Target, Credit Suisse Reiterates ‘

Rio Tinto plc is a global mining company. The company has a market cap of 37.77 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 18.08 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).

COMMENTS: