Rio Tinto Group (LON:RIO – Get Free Report) had its price target increased by equities researchers at Citigroup from GBX 7,000 to GBX 7,200 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential downside of 1.73% from the company’s current price.
A number of other analysts also recently commented on RIO. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,300 target price on shares of Rio Tinto Group in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the stock a “sector perform” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Rio Tinto Group has a consensus rating of “Hold” and an average target price of GBX 6,130.
Read Our Latest Research Report on RIO
Rio Tinto Group Stock Down 0.2%
About Rio Tinto Group
We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.
We have more than 150 years of mining and processing experience guiding our work.
Recommended Stories
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.
