Rio Tinto (RIO) Stock Recommendation

UBS has rated the Rio Tinto (RIO) stock as a Buy 2 recommendation with a share price target of $100. The stock analyst has noted that RIO is trading at a discount to the market (at prices around $67) at <14x. Their share price target for RIO is based on 11x CY 07e earnings. UBS has noted that Rio Tinto has 'has very strong cash flow which can and is being used to fund growth and return cash to shareholders.'

Rio Tinto Limited is listed on the Australian Stock Exchange (ASX) under stock code RIO. You can view their investor website here. RIO was listed on the ASX on 1 January, 1970. Rio Tinto is involved in the production of copper, gold, iron ore, coal, aluminium, borates, titanium dioxide and other minerals and metals. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!