Deutsche Bank Reaffirms Rio Tinto PLC (LON:RIO) As a “Buy”; They Now Have a Target Price per Share Of GBX 3300.00

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Rio Tinto PLC (LON:RIO) Rating Reaffirmed

Recently, In an interesting research report shared with investors on Wednesday morning, Rio Tinto PLC (LON:RIO) shares have had their “Buy” Rating has decided to restate by expert analysts at Deutsche Bank, who currently has a GBX 3300.00 target price on company. This target by Deutsche Bank would suggest the possibile upside of 74.05% from the previous close.

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 52.99 while the lowest target price is GBX 27.63. The mean of all analyst targets is GBX 39.18 with a 36.47% above today’s (GBX 1914.5) stock price. Rio Tinto PLC was the topic of 148 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Beaufort Securities maintained shares on December 16 with “Speculative Buy” rating. Bernstein maintained shares with “Outperform” rating and GBX 2520 target share price in a report from a December 14. Deutsche Bank maintained RIO stock in a recent report from December 16 with “Buy” rating. UBS maintained the rating on December 9. UBS has a “Buy” rating and a GBX 2700 price target on shares. Finally, Credit Suisse maintained the stock with “Neutral” rating in a report issued on a December 15.

Approximately 1.37 million shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 33.98% since May 19, 2015 and is downtrending. It has underperformed by 31.36% the S&P500.

Deutsche Bank Reaffirms Rio Tinto PLC (LON:RIO) As a

Rio Tinto plc is a global mining company. The company has a market cap of 34.64 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 18.37 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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