A number of other research analysts have also issued reports on RIO. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 5,000 ($65.33) target price on shares of Rio Tinto in a research note on Tuesday, June 19th. Citigroup reissued a buy rating on shares of Rio Tinto in a research note on Tuesday, June 19th. HSBC raised shares of Rio Tinto to a buy rating and boosted their target price for the company from GBX 4,700 ($61.41) to GBX 5,100 ($66.64) in a research note on Thursday, June 21st. Royal Bank of Canada reissued a sector performer rating and set a GBX 3,900 ($50.96) target price on shares of Rio Tinto in a research note on Tuesday, June 26th. Finally, Credit Suisse Group boosted their target price on shares of Rio Tinto from GBX 4,300 ($56.19) to GBX 5,000 ($65.33) and gave the company an outperform rating in a research note on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 4,199.41 ($54.87).
Rio Tinto stock opened at GBX 3,677 ($48.05) on Wednesday. Rio Tinto has a 52-week low of GBX 2,882.50 ($37.66) and a 52-week 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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