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Citigroup announced Rio Tinto PLC (LON:RIO), dropping its stock price target to 2,450.00GBX today

In a report released on 10/13/2016 Citigroup reduced the stock price target of Rio Tinto PLC (LON:RIO) from 2,600.00GBX to 2,450.00GBX reporting a possible downside of -0.09%.

Previously on 10/6/2016, Exane BNP Paribas reported on Rio Tinto PLC (LON:RIO) held steady the target price at 2,000.00GBX. At the time, this indicated a possible downside of -0.24%.

Just yesterday Rio Tinto PLC (LON:RIO) traded 0.78% higher at 2,685.00GBX. RIO’s 50-day average is 2,458.92GBX and its two hundred day average is 2,261.04GBX. With the last close up 14.81% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 4,535,171 shares of RIO changing hands over the typical 4,339,640

Performance Chart

Rio Tinto PLC (LON:RIO)

With a total market value of 0 GBX, Rio Tinto PLC has price-earnings ratio of 1,180.00 with a one year low of 1,557.00GBX and a one year high of 2,800.00GBX .

A total of 26 analysts have released a research note on Rio Tinto PLC. Five analysts rating the company a strong buy, ten analysts rating the company a buy, nine analysts rating the company a hold, three analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of 30.05GBX.

More 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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