TOday’s Movers: Rio Tinto (LON:RIO) Stock Rating Reaffirmed by equity analysts Bernstein; GBX 2520 Target Price Indicates 33.05% Potential

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Rio Tinto (LON:RIO) Rating Reaffirmed

Bernstein now has a GBX 2520 PT on shares of Rio Tinto (LON:RIO). The PT gives a potential upside of 33.05% from the current price of Rio Tinto (LON:RIO). This rating was disclosed to clients in analysts report on 14 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 60.72 while the lowest target price is GBX 27.7. The mean of all analyst targets is GBX 40.54 with a 36.46% above today’s (GBX 1894) stock price. Rio Tinto PLC was the topic of 142 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 9 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 2800 target share price in a report from a December 9. Goldman Sachs maintained RIO stock in a recent report from December 9 with “Buy” rating. JP Morgan maintained the rating on December 9. JP Morgan has a “Overweight” rating and a GBX 3000 price target on shares. Finally, Beaufort Securities maintained the stock with “Speculative Buy” rating in a report issued on a December 9.

Approximately 863,391 shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 35.66% since May 15, 2015 and is downtrending. It has underperformed by 31.24% the S&P500.

TOday’s Movers: Rio Tinto (LON:RIO) Stock Rating Reaffirmed by equity analysts Bernstein; GBX 2520 Target Price Indicates 33.05% Potential

Rio Tinto plc is a global mining company. The company has a market cap of 34.89 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 18.2 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.”

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