Rio Tinto (LON: RIO)‘s stock had its “equal-weight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a $58.95 (3880 GBX) price target on the stock.
A number of other firms have also recently commented on RIO. Analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Wednesday, March 20th. They now have a $71.30 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Rio Tinto to a “strong sell” rating in a research note to investors on Tuesday, March 19th. They now have a $42.30 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Wednesday, March 13th. They now have a $70.94 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.72 (4062 GBX).
Rio Tinto (LON: RIO) opened at 3024.50 on Wednesday. Rio Tinto has a 1-year low of GBX 2648.1501 and a 1-year high of GBX 3872.6101. The stock’s 50-day moving average is currently GBX 2968.62. The company’s market cap is £55.882 billion.
Rio Tinto plc (LON: RIO) is engaged in minerals exploration, development, production and processing.