Rio Tinto (LON:RIO) Rating Reiterated by Barclays

Rio Tinto (LON:RIO)‘s stock had its “underweight” rating reiterated by Barclays in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 4,000 ($52.27) price target on the stock. Barclays‘s target price points to a potential downside of 17.14% from the company’s current price.

Several other research analysts have also recently weighed in on RIO. Goldman Sachs Group cut shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Tuesday. HSBC set a $12.00 price target on shares of Transocean and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank lifted their price target on shares of Canadian Pacific Railway from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “buy” rating and set a $69.00 price target on shares of Daimler in a research note on Friday, July 12th. Finally, Credit Suisse Group set a €19.00 ($22.09) price target on shares of K&S and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Rio Tinto currently has an average rating of “Hold” and a consensus price target of GBX 4,502.68 ($58.84).

Shares of Rio Tinto stock opened at GBX 4,827.50 ($63.08) on Wednesday. The stock’s fifty day simple moving average is GBX 4,741.63. The stock has a market cap of $61.26 billion and a PE ratio of 6.13. Rio Tinto has a 1-year low of GBX 3,460.50 ($45.22) and a 1-year high of GBX 5,039 ($65.84). The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60.

In related news, insider Jean-Sébastien Jacques sold 8 shares of Rio Tinto stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of GBX 4,596 ($60.05), for a total transaction of £367.68 ($480.44).

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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