Rio Tinto Receives “Outperform” Rating from Sanford C. Bernstein (RIO)

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Rio Tinto (LON:RIO)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 4,125 ($67.97) price objective on the stock. Sanford C. Bernstein’s target price points to a potential upside of 28.38% from the company’s current price.

RIO has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Tuesday. They now have a GBX 3,800 ($62.61) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Monday. They now have a GBX 4,641 ($76.47) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Friday, January 24th. They now have a GBX 3,684 ($60.70) price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 3,821.44 ($62.97).

Rio Tinto (LON:RIO) opened at 3230.00 on Wednesday. Rio Tinto has a 1-year low of GBX 2579.2219 and a 1-year high of GBX 3872.6101. The stock’s 50-day moving average is GBX 3268.08 and its 200-day moving average is GBX 3149.. The company’s market cap is £59.681 billion.

Rio Tinto plc (LON:RIO) is engaged in minerals exploration, development, production and processing.

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