Rio Tinto Earns “Sell” Rating from Liberum Capital
Date: Apr 2, 2018
Rio Tinto (LON:RIO)‘s stock had its “sell” rating reaffirmed by analysts at Liberum Capital in a note issued to investors on Thursday, March 15th. They presently have a GBX 2,750 ($37.99) price target on the stock. Liberum Capital’s price objective would indicate a potential downside of 23.84% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. Goldman Sachs set a GBX 3,300 ($45.59) target price on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Monday, February 5th. Royal Bank of Canada set a GBX 4,200 ($58.03) target price on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Wednesday, February 7th. HSBC dropped their target price on shares of Rio Tinto from GBX 4,300 ($59.41) to GBX 4,100 ($56.65) and set a “hold” rating on the stock in a research report on Thursday, February 8th. UBS set a GBX 4,000 ($55.26) target price on shares of Rio Tinto and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 4,300 ($59.41) price objective on shares of Rio Tinto in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Rio Tinto presently has an average rating of “Buy” and a consensus target price of GBX 4,159.21 ($57.46).
