Rio Tinto Group (LON:RIO – Get Free Report) had its price objective boosted by stock analysts at Citigroup from GBX 7,000 to GBX 7,200 in a research note issued on Monday,Digital Look reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential downside of 1.73% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,300 price objective on shares of Rio Tinto Group in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their price objective on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 6,130.
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Rio Tinto Group Company Profile
We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.
We have more than 150 years of mining and processing experience guiding our work.
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