Rio Tinto Stock Rating Reaffirmed by Barclays Capital (RIO)
Rio Tinto (LON: RIO)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays Capital in a note issued to investors on Monday. They currently have a $64.52 (4000 GBX) target price on the stock.
Rio Tinto opened at 3511.00 on Monday. Rio Tinto has a 52-week low of GBX 2648.1501 and a 52-week high of GBX 4029.00. The stock’s 50-day moving average is currently GBX 2968.62. The company’s market cap is £64.827 billion.
A number of other firms have also recently commented on RIO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Wednesday, January 9th. They now have a $61.00 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Rio Tinto in a research note to investors on Thursday, December 13th. They now have a $67.79 price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Monday, December 10th. They now have a $58.66 price target on the stock.
Rio Tinto plc (Rio Tinto) is engaged in minerals exploration, development, production and processing.
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