Exane BNP Paribas announced Rio Tinto PLC (LON:RIO), upholding its stock price target at 2,000.00GBX today
- Updated: October 5, 2016
In a report released on 10/06/2016 Exane BNP Paribas hold steady the stock price target of Rio Tinto PLC (LON:RIO) from 2,000.00GBX to 2,000.00GBX reporting a possible downside of -0.24%.
Previously on 10/5/2016, Deutsche Bank released a statement about Rio Tinto PLC (LON:RIO) increased the target price from 3,230.00GBX to 3,245.00GBX. At the time, this indicated a possible upside of 0.23%.
Just yesterday Rio Tinto PLC (LON:RIO) traded -0.55% lower at 2,620.00GBX. Rio Tinto PLC’s 50-day moving average is 2,416.26GBX and its 200-day moving average is 2,231.98GBX. The last stock price is up 17.65% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 471,037 shares of RIO traded hands, down from an average trading volume of 4,376,300
Recent Performance Chart
Rio Tinto PLC has 52 week low of 1,557.00GBX and a 52 week high of 2,685.50GBX with a PE ratio of 1,193.64 and has a market capitalization of 0 GBX.
In addition to Exane BNP Paribas 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 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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