UBS Group set a GBX 4,000 ($54.24) price target on Rio Tinto (LON:RIO) in a research report released on Wednesday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
RIO has been the subject of a number of other research reports. Deutsche Bank boosted their price objective on Rio Tinto from GBX 4,200 ($56.96) to GBX 4,300 ($58.31) and gave the company a buy rating in a research note on Tuesday, September 12th. Barclays boosted their price objective on Rio Tinto from GBX 4,300 ($58.31) to GBX 4,500 ($61.03) and gave the company an overweight rating in a research note on Monday, January 8th. Citigroup reiterated a buy rating on shares of Rio Tinto in a research note on Wednesday. Credit Suisse Group reiterated an outperform rating and issued a GBX 4,300 ($58.31) price objective on shares of Rio Tinto in a research note on Wednesday, November 15th. Finally, Liberum Capital boosted their price objective on Rio Tinto from GBX 2,450 ($33.22) to GBX 2,750 ($37.29) and gave the company a sell rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Rio Tinto presently has an average rating of Buy and a consensus price target of GBX 4,029.75 ($54.65).
Shares of Rio Tinto (RIO) opened at GBX 4,170 ($56.55) on Wednesday. Rio Tinto has a 52 week low of GBX 2,882.50 ($39.09) and a 52 week high of GBX 4,226.56 ($57.32). The firm has a market capitalization of $74,450.00 and a P/E ratio of 1,648.22.
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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