Rio Tinto (LON:RIO)‘s stock had its “overweight” rating restated by investment analysts at JP Morgan Cazenove in a note issued to investors on Monday, AnalystRatings.Net reports.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Rio Tinto in a research note to investors on Monday. They now have a GBX 3,590 ($54.79) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Friday. They now have a GBX 3,900 ($59.52) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Friday.
Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 3,673.63 ($56.07).
Shares of Rio Tinto (LON: RIO) opened at 2974.00 on Monday. Rio Tinto has a 52 week low of GBX 2579.2219 and a 52 week high of GBX 3872.6101. The stock’s 50-day moving average is currently GBX 2968.62. The company’s market cap is £54.949 billion.
Rio Tinto plc (LON: RIO) is engaged in minerals exploration, development, production and processing.
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