Rio Tinto PLC (LON:RIO) Hold Rating Kept Today By Deutsche Bank; The Target Price per Share is GBX 4300.00

October 2, 2018 - By Linda Rogers

Rio Tinto plc (LON:RIO) Logo

Rio Tinto PLC (LON:RIO) Rating Reaffirmed

They currently have a GBX 4300.00 price target on Rio Tinto PLC (LON:RIO). The target price by Deutsche Bank would suggest a potential upside of 11.11 % from the company’s last close price. This has been revealed to clients and investors in a report on 2 October.

Rio Tinto plc (LON:RIO) Ratings Coverage

Among 13 analysts covering Rio Tinto PLC (LON:RIO), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Rio Tinto PLC has GBX 5100 highest and GBX 2750 lowest target. GBX 4241.67’s average target is 10.55% above currents GBX 3837 stock price. Rio Tinto PLC had 44 analyst reports since April 4, 2018 according to SRatingsIntel. JP Morgan maintained the stock with “Neutral” rating in Tuesday, June 19 report. As per Tuesday, June 26, the company rating was maintained by Deutsche Bank. Morgan Stanley maintained Rio Tinto plc (LON:RIO) on Friday, June 29 with “Equal Weight” rating. Deutsche Bank maintained Rio Tinto plc (LON:RIO) rating on Thursday, August 2. Deutsche Bank has “Hold” rating and GBX 4600 target. The firm has “Buy” rating given on Wednesday, July 18 by UBS. The stock of Rio Tinto plc (LON:RIO) earned “Outperform” rating by Credit Suisse on Wednesday, June 27. Deutsche Bank maintained the shares of RIO in report on Friday, April 6 with “Buy” rating. The firm has “Neutral” rating given on Friday, April 6 by BNP Paribas. The firm earned “Hold” rating on Tuesday, October 2 by Deutsche Bank. The rating was maintained by Citigroup on Tuesday, June 19 with “Buy”.

The stock decreased 0.16% or GBX 6 during the last trading session, reaching GBX 3837. About 1.08M shares traded. Rio Tinto plc (LON:RIO) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 65.57 billion GBP. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 6.91 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

More recent Rio Tinto plc (LON:RIO) news were published by: Mining.com which released: “Chinese interested in buying Rio Tinto’s Namibian uranium mine” on September 28, 2018. Also Mining.com published the news titled: “Norsk Hydro not buying Rio Tinto’s aluminum plant in Iceland” on September 20, 2018. Mining.com‘s news article titled: “Freeport, Rio formally yield control of giant Grasberg mine to Indonesia” with publication date: September 27, 2018 was also an interesting one.

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