Liberum Capital Downgrades Rio Tinto (RIO) to Sell
Rio Tinto (LON:RIO) was downgraded by research analysts at Liberum Capital to a “sell” rating in a research note issued to investors on Wednesday.
Several other research analysts have also issued reports on RIO. UBS Group reiterated a “buy” rating and issued a GBX 4,700 ($61.41) price target on shares of Rio Tinto in a report on Thursday, August 2nd. Deutsche Bank reiterated a “hold” rating and issued a GBX 4,300 ($56.19) price target on shares of Rio Tinto in a report on Tuesday, November 6th. JPMorgan Chase & Co. set a GBX 5,150 ($67.29) price target on Rio Tinto and gave the stock a “neutral” rating in a report on Tuesday, July 17th. Goldman Sachs Group set a GBX 4,200 ($54.88) price target on Rio Tinto and gave the stock a “neutral” rating in a report on Monday. Finally, Credit Suisse Group set a GBX 5,000 ($65.33) price target on Rio Tinto and gave the stock a “buy” rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Rio Tinto presently has a consensus rating of “Hold” and a consensus target price of GBX 4,208.24 ($54.99).
Shares of LON:RIO opened at GBX 3,846 ($50.25) on Wednesday. Rio Tinto has a 52-week low of GBX 2,882.50 ($37.66) and a 52-week high of GBX 4,226.56 ($55.23).
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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