JP Morgan rates the stock as Overweight - Site visit to Comalco Alumina Refinery and Boyne Smelter have not led to the analysts making any changes. Price target remains at $96, which is, the analysts explain, calculated as 12.5x peak EPS forecast expected to turn out the 2006 EPS.
The broker states primary risks to the current price target comes from possibly lower than forecast commodity prices due to a slowing in global demand and -one never knows- major unforeseen operational problems.
jp morgan valuation
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Last
$119.48 |
Change
0.220(0.18%) |
Mkt cap ! $44.50B | |||
| Open | High | Low | Value | Volume |
| $119.64 | $120.40 | $119.29 | $77.68M | 648.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 109 | $119.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.49 | 182 | 5 |
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| RIO (ASX) Chart |