HSBC announced Rio Tinto PLC (LON:RIO), keeping its stock price target at 4,000.00GBX today
- Updated: February 11, 2017
In a report released on 2/10/2017 HSBC hold steady the stock price target of Rio Tinto PLC (LON:RIO) from 4,000.00GBX to 4,000.00GBX reporting a possible upside of 0.16%.
Previously on Thursday February 09, 2017, JP Morgan Cazenove reported on Rio Tinto PLC (LON:RIO) held steady the target price at 4,000.00GBX. At the time, this indicated a possible upside of 0.18%.
Just yesterday Rio Tinto PLC (LON:RIO) traded 5.63% higher at 3,462.00GBX. Rio Tinto PLC’s 50-day moving average is 3,340.36GBX and its 200-day moving average is 2,851.26GBX. The last closing price is up 25.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 8,194,058 shares of RIO traded hands, up from an average trading volume of 4,377,070
Recent Performance Chart
Rio Tinto PLC has 52 week low of 1,795.00GBX and a 52 week high of 3,685.00GBX with a PE ratio of 1,623.86 and has a market capitalization of 0 GBX.
In addition to HSBC reporting its stock price target, a total of 26 brokers have issued a research note on the company. The average stock price target is 30.05GBX with 5 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 9 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker 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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