Rio Tinto PLC (LON:RIO) target price raised to 4,000.00GBX, reported today by Deutsche Bank
- Updated: February 12, 2017
Rio Tinto PLC (LON:RIO) had its target price raised to 4,000.00GBX by Deutsche Bank in a report released 2/9/2017. The new target price indicates a possible upside of 0.18% based on the company's last stock close price.
Previously on 2/8/2017, Goldman Sachs reported about Rio Tinto PLC (LON:RIO) held steady the target price at 3,500.00GBX. At the time, this indicated a possible upside of 0.00%.
Yesterday Rio Tinto PLC (LON:RIO) traded 5.63% higher at 3,399.00GBX. The company’s 50-day moving average is 3,340.36GBX and its 200-day moving average is 2,851.26GBX. The last stock close price is up 25.30% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 8,194,058 shares of the stock were exchanged, up from an average trading volume of 4,377,070
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Rio Tinto PLC has a 52 week low of 1,795.00GBX and a 52 week high of 3,685.00GBX with a P/E ratio of 1,623.86 The company’s market cap is currently 0 GBX.
In addition to Deutsche Bank reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is 30.05GBX with 5 firms rating the stock a strong buy, 10 firms rating the stock a buy, 9 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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