Rio Tinto (RIO) Rating Reiterated by Deutsche Bank
Rio Tinto (LON:RIO)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a report issued on Friday.
A number of other brokerages have also issued reports on RIO. UBS Group reiterated a “buy” rating and issued a GBX 4,600 ($60.11) price objective on shares of Rio Tinto in a report on Friday, October 12th. Citigroup reiterated a “buy” rating on shares of Rio Tinto in a report on Friday, September 21st. JPMorgan Chase & Co. set a GBX 4,850 ($63.37) price objective on shares of Rio Tinto and gave the company a “buy” rating in a report on Thursday, September 20th. Credit Suisse Group set a GBX 5,000 ($65.33) price objective on shares of Rio Tinto and gave the company a “buy” rating in a report on Wednesday, September 19th. Finally, HSBC dropped their price objective on shares of Rio Tinto from GBX 4,880 ($63.77) to GBX 4,790 ($62.59) and set a “buy” rating for the company in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 4,163.75 ($54.41).
RIO stock opened at GBX 3,958.50 ($51.72) on Friday. Rio Tinto has a 12 month low of GBX 2,882.50 ($37.66) and a 12 month 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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