Rio Tinto Given “Neutral” Rating at BNP Paribas
Date: Jun 5, 2018
BNP Paribas reissued their neutral rating on shares of Rio Tinto (LON:RIO) in a research note released on Thursday, May 17th.
RIO has been the topic of a number of other research reports. Liberum Capital restated a sell rating and set a GBX 2,750 ($36.61) price target on shares of Rio Tinto in a report on Thursday, March 15th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 3,850 ($51.26) price target on shares of Rio Tinto in a report on Wednesday, January 17th. UBS Group set a GBX 4,000 ($53.26) price target on Rio Tinto and gave the company a buy rating in a report on Tuesday, February 27th. Morgan Stanley set a GBX 3,900 ($51.92) price target on Rio Tinto and gave the company a neutral rating in a report on Thursday, February 15th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 4,300 ($57.25) target price on shares of Rio Tinto in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 4,168.75 ($55.50).
Rio Tinto traded up GBX 25.50 ($0.34), reaching GBX 4,317.50 ($57.48), during mid-day trading on Thursday, Marketbeat.com reports. 2,210,332 shares of the company’s stock traded hands, compared to its average volume of 4,860,000. Rio Tinto has a 12-month low of GBX 2,882.50 ($38.38) and a 12-month high of GBX 4,226.56 ($56.27).
