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A statement released earlier today by Deutsche Bank about Rio Tinto PLC (LON:RIO) bumps the target price to 4,500.00GBX

Deutsche Bank upped the target of Rio Tinto PLC (LON:RIO) to 4,500.00GBX reporting a possible upside of 0.25%.

Previously on Tuesday October 10, 2017, Macquarie released a statement about Rio Tinto PLC (LON:RIO) held steady the target price at 4,300.00GBX. At the time, this indicated a possible upside of 0.18%.

Just yesterday Rio Tinto PLC (LON:RIO) traded 1.24% higher at 3,588.00GBX. Rio Tinto PLC’s 50-day moving average is 3,594.80GBX and its 200-day moving average is 3,330.17GBX. The last stock price is up 8.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 580,660 shares of RIO traded hands, down from an average trading volume of 4,347,390

Recent Performance Chart

Rio Tinto PLC (LON:RIO)

Rio Tinto PLC has 52 week low of 2,550.05GBX and a 52 week high of 4,110.29GBX with a PE ratio of 10.57 and has a market capitalization of 0 GBX.

In addition to Deutsche Bank reporting its stock price target, a total of 26 brokerages have issued a ratings update on the company. The average stock price target is 30.05GBX with 5 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Rio Tinto PLC (LON:RIO)

Rio Tinto plc is a mining and metals company. The Company's business is finding, mining and processing mineral resources. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade. Its Iron Ore product operations are located in the Pilbara region of Western Australia. The Aluminium business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. The Energy & Minerals segment consists of mining, refining and marketing operations in over 10 countries, across six sectors: borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium.

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