Rio Tinto (LON:RIO): Societe Generale Reconfirms Buy Rating Today, Has a Target of GBX 2450/Share


Rio Tinto (LON:RIO) Rating Reaffirmed

Recently, In a recent research report finalized on Friday, 27 November, Rio Tinto (LON:RIO) shares have had their Buy Rating has decided to restate by expert analysts at Societe Generale, who currently has a GBX 2450 target price per share on company. This target by Societe Generale would possibly suggest the possibile upside of 10.16% from the price per share.

From a total of 29 analysts covering Rio Tinto PLC (LON:RIO) stock, 19 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 66% of the ratings are positive. The highest target price is GBX 4000 while the lowest target price is GBX 3. The mean of all analyst targets is GBX 2705.84 with a 23.05% above today’s (GBX 2199) stock price. Rio Tinto PLC was the topic of 123 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on November 27 with “Buy” rating. Goldman Sachs maintained shares with “Sell” rating and GBX 1900 target share price in a report from a November 25. Citigroup maintained RIO stock in a recent report from November 27 with “Buy” rating. Macquarie Research maintained the rating on November 25. Macquarie Research has a “Outperform” rating and a GBX 2700 price target on shares. Finally, Bank of America maintained the stock with “Underperform” rating in a report issued on a November 25.

The stock decreased 3.17% or GBX 72 on November 27, striking GBX 2199. Approximately 4.72 million shares of stock traded hands. Rio Tinto plc (LON:RIO) has declined 26.63% since May 1, 2015 and is downtrending. It has underperformed by 25.73% the S&P500.

Rio Tinto (LON:RIO): Societe Generale Reconfirms Buy Rating Today, Has a Target of GBX 2450/Share

Rio Tinto plc is a global mining company. The company has a market cap of 39.68 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 21.05 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)