Rio Tinto (LON:RIO)‘s stock had its “sell” rating reissued by equities research analysts at Liberum Capital in a note issued to investors on Monday. They presently have a GBX 2,750 ($38.60) price objective on the stock. Liberum Capital’s target price indicates a potential downside of 23.52% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Goldman Sachs set a GBX 3,300 ($46.32) target price on shares of Rio Tinto and gave the stock a “neutral” rating in a research note on Monday, February 5th. JPMorgan Chase set a GBX 4,200 ($58.96) price objective on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Royal Bank of Canada set a GBX 4,200 ($58.96) price objective on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Wednesday, February 7th. HSBC dropped their price objective on shares of Rio Tinto from GBX 4,300 ($60.36) to GBX 4,100 ($57.55) and set a “hold” rating on the stock in a research report on Thursday, February 8th. Finally, UBS set a GBX 4,000 ($56.15) price objective on shares of Rio Tinto and gave the company a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 4,159.21 ($58.38).
Shares of RIO opened at GBX 3,595.50 ($50.47) on Monday. Rio Tinto has a fifty-two week low of GBX 2,882.50 ($40.46) and a fifty-two week high of GBX 4,226.56 ($59.33).
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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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