Rio Tinto (LON:RIO)‘s stock had its “buy” rating restated by stock analysts at UBS AG in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 3,650 ($58.27) target price on the stock. UBS AG’s price target would suggest a potential upside of 13.53% from the company’s current price.
A number of other analysts have also recently weighed in on RIO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Wednesday. They now have a GBX 4,570 ($72.96) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Rio Tinto from GBX 3,800 ($60.66) to GBX 3,900 ($62.26) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Tuesday. They now have a GBX 4,000 ($63.86) price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 3,810.53 ($60.83).
Rio Tinto (LON:RIO) opened at 3200.50 on Wednesday. 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 GBX 3085. and its 200-day moving average is GBX 2987.35. The company’s market cap is £59.136 billion.
Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.
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