Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
A group called Broker Consensus has a price forecast on RIO of 384.19 % or, $741.00. I didn't see a price forecast on MM's report (it is possible that I missed it). I would very much appreciation some clarification on pricing. With thanks and regards, Stephanie Martin
Hi Stephanie,
We can only assume the target would be in pounds and attached to UK listed RIO, where it’s trading at £67.38 with a target of £74.10 implying ~10% upside. In the UK, prices are quoted in pence, so need to divide by 100 to get the price in pounds.
On the MM Site RIO has an average analyst target of $153.55 and on Bloomberg, it’s $153.13, with the highest target is $165 by CSLA – vs todays current price of $151.55. Different data vendors have access to different analysts forecasts which can have a marginal impact on consensus targets. On the MM site, we feed LSEG data.
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