Rio Tinto (LON:RIO) has been given a GBX 4,050 ($56.85) target price by investment analysts at Societe Generale in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Societe Generale’s price objective indicates a potential upside of 13.49% from the company’s current price.
Several other research analysts have also recently issued reports on the company. JPMorgan Chase set a GBX 4,200 ($58.96) target price on Rio Tinto and gave the stock a “neutral” rating in a research report on Monday. Liberum Capital reaffirmed a “sell” rating and issued a GBX 2,750 ($38.60) price objective on shares of Rio Tinto in a research note on Monday. BNP Paribas raised their price objective on Rio Tinto from GBX 3,650 ($51.24) to GBX 4,000 ($56.15) and gave the stock a “neutral” rating in a research note on Friday. Deutsche Bank reaffirmed a “buy” rating on shares of Rio Tinto in a research note on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Rio Tinto in a research note on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 4,140.79 ($58.12).
Shares of LON:RIO opened at GBX 3,568.50 ($50.09) on Monday. Rio Tinto has a 52-week low of GBX 2,882.50 ($40.46) and a 52-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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