Rio Tinto PLC (LON:RIO) Rating Reaffirmed
Rio Tinto PLC (LON:RIO) just had their share rating of a ‘”Outperform”‘ issued by research analysts at Macquarie, who now has a GBX 2700.00 price target on the 39.03 billion GBP market cap company or a 23.73% upside potential. This key information was revealed to clients and investors in analysts report on 30 November.
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 2707.84 with a 25.28% above today’s (GBX 2161.5) stock price. Rio Tinto PLC was the topic of 125 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 30 with “Buy” rating. Goldman Sachs maintained shares with “Sell” rating and GBX 1900 target share price in a report from a November 25. Societe Generale maintained RIO stock in a recent report from November 27 with “Buy” rating. Bank of America maintained the rating on November 25. Bank of America has a “Underperform” rating and a GBX 2200 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 27.
Approximately 780,864 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 plc is a global mining company. The company has a market cap of 39.03 billion GBP. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. It has 20.69 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)