A statement released earlier today by Deutsche Bank about Rio Tinto PLC (LON:RIO) bumps the target price to 3,245.00GBX
- Updated: October 9, 2016
Stating a potential upside of 0.23%, Deutsche Bank upped the price target of Rio Tinto PLC (LON:RIO) to 3,245.00GBX
On 10/04/2016, RBC Capital Markets released a statement on Rio Tinto PLC (LON:RIO) maintained the target price at 3,400.00GBX that suggested an upside of 0.30%.
Having a price of 2,635.00GBX, Rio Tinto PLC (LON:RIO) traded 0.78% higher on the day. With the last close up 20.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Rio Tinto PLC has recorded a 50-day average of 2,427.73GBX and a two hundred day average of 2,239.40GBX. Volume of trade was down over the average, with 554,600 shares of RIO changing hands under the typical 4,299,950
With a total market value of 0 GBX, Rio Tinto PLC has price-earnings ratio of 1,226.14 with a one year low of 1,557.00GBX and a one year high of 2,717.00GBX .
A total of 26 analysts have released a research note on RIO. Five brokerages rating the company a strong buy, ten analysts rating the company a buy, 9 brokers rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 broker rating the company a sell with a one year target of 30.05GBX.
Brief Synopsis About Rio Tinto PLC (LON:RIO)
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth's mineral resources. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company's aluminum business includes bauxite mines, alumina refineries and aluminum smelters. The Company's copper and coal business includes approximately four copper operating assets, including in the United States, Mongolia, Chile and Indonesia, and over six coal operations in Australia and South Africa, as well as development projects. The Company's diamonds and minerals businesses include mining, refining and marketing operations across approximately five sectors. The Company operates an iron ore portfolio, supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
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