Rio Tinto (LON:RIO) has been given a GBX 4,000 ($54.24) target price by equities research analysts at UBS Group in a note issued to investors on Wednesday, January 10th, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential downside of 1.31% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Citigroup raised shares of Rio Tinto to a “buy” rating and set a GBX 4,050 ($54.92) price target for the company in a report on Tuesday, December 5th. Deutsche Bank increased their price objective on shares of Rio Tinto from GBX 4,300 ($58.31) to GBX 4,500 ($61.03) and gave the company a “buy” rating in a research note on Friday, October 13th. Barclays increased their price objective on shares of Rio Tinto from GBX 4,100 ($55.60) to GBX 4,500 ($61.03) and gave the company an “overweight” rating in a research note on Tuesday, October 24th. Goldman Sachs Group set a GBX 3,300 ($44.75) price target on shares of Rio Tinto and gave the stock a “neutral” rating in a research report on Monday, December 11th. Finally, Societe Generale upgraded shares of Rio Tinto to a “buy” rating and raised their price target for the stock from GBX 3,600 ($48.82) to GBX 4,400 ($59.67) in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Rio Tinto presently has an average rating of “Buy” and a consensus target price of GBX 4,049.75 ($54.92).
Rio Tinto (LON RIO) opened at GBX 4,053 ($54.96) on Wednesday. Rio Tinto has a one year low of GBX 2,882.50 ($39.09) and a one year high of GBX 4,226.56 ($57.32). The stock has a market cap of $73,710.00 and a P/E ratio of 1,627.71.
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About Rio Tinto
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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