Rio Tinto (LON:RIO) had its target price lowered by Barclays from GBX 4,500 ($60.57) to GBX 4,300 ($57.87) in a report published on Tuesday morning. The brokerage currently has an overweight rating on the stock.
A number of other equities research analysts also recently weighed in on RIO. Goldman Sachs Group set a GBX 3,000 ($40.38) target price on shares of Rio Tinto and gave the company a neutral rating in a research note on Tuesday, August 15th. UBS set a GBX 3,750 ($50.47) target price on shares of Rio Tinto and gave the company a buy rating in a research note on Friday, August 11th. Jefferies Group reaffirmed a buy rating and issued a GBX 4,200 ($56.53) target price on shares of Rio Tinto in a research note on Tuesday. Royal Bank Of Canada reaffirmed a top pick rating and issued a GBX 4,200 ($56.53) target price on shares of Rio Tinto in a research note on Wednesday, August 9th. Finally, Deutsche Bank reaffirmed a buy rating and issued a GBX 4,500 ($60.57) target price on shares of Rio Tinto in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of GBX 3,987.25 ($53.66).
Shares of Rio Tinto (LON:RIO) opened at GBX 3,457.44 ($46.53) on Tuesday. Rio Tinto has a fifty-two week low of GBX 2,882.50 ($38.80) and a fifty-two week high of GBX 4,226.56 ($56.89).
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Rio Tinto Company Profile
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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