TOday’s Movers: Rio Tinto PLC (LON:RIO) Stock Rating Reemphasized at Credit Suisse; GBX 2100.00 Target Price Indicates 13.64% Potential

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Rio Tinto PLC (LON:RIO) Rating Reaffirmed

Credit Suisse now has a GBX 2100.00 target price on shares of Rio Tinto PLC (LON:RIO). The target price could mean a potential upside of 13.64% from the stock close price of Rio Tinto PLC (LON:RIO). This rating was disclosed in a recent research report on Tuesday, 15 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 39.86% above today’s (GBX 1848) 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.

The stock decreased 1.99% or GBX 37.5 on December 14, striking GBX 1848. Approximately 5.24M shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 36.82% since May 18, 2015 and is downtrending. It has underperformed by 32.41% the S&P500.

TOday’s Movers: Rio Tinto PLC (LON:RIO) Stock Rating Reemphasized at Credit Suisse; GBX 2100.00 Target Price Indicates 13.64% Potential

Rio Tinto plc is a global mining company. The company has a market cap of 34.04 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 17.76 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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