Other analysts have also issued research reports about the stock. Deutsche Bank reaffirmed a hold rating and set a GBX 4,700 ($61.41) price target on shares of Rio Tinto in a research report on Tuesday, June 26th. Credit Suisse Group boosted their target price on Rio Tinto from GBX 4,300 ($56.19) to GBX 5,000 ($65.33) and gave the company an outperform rating in a research report on Wednesday, June 27th. JPMorgan Chase & Co. set a GBX 4,950 ($64.68) target price on Rio Tinto and gave the company a neutral rating in a research report on Thursday, August 2nd. Barclays cut their target price on Rio Tinto from GBX 4,100 ($53.57) to GBX 3,750 ($49.00) and set an equal weight rating on the stock in a research report on Monday, August 6th. Finally, UBS Group set a GBX 4,700 ($61.41) target price on Rio Tinto and gave the company a buy rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 4,199.41 ($54.87).
RIO stock opened at GBX 3,677 ($48.05) on Tuesday. Rio Tinto has a one year low of GBX 2,882.50 ($37.66) and a one year 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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