Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto Limited (RTNTF – Research Report) and Wacker Chemie AG (WKCMF – Research Report).
Rio Tinto Limited (RTNTF)
In a report issued on March 7, Kaan Peker from RBC Capital maintained a Hold rating on Rio Tinto Limited, with a price target of A$132.00. The company’s shares closed last Monday at $76.99.
According to TipRanks.com, Peker is a 1-star analyst with an average return of
Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $97.71, implying a 26.9% upside from current levels. In a report issued on February 22, UBS also maintained a Hold rating on the stock with a A$125.00 price target.
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Wacker Chemie AG (WKCMF)
In a report released today, Chris Counihan from Jefferies maintained a Buy rating on Wacker Chemie AG, with a price target of EUR116.00. The company’s shares closed last Monday at $112.74.
According to TipRanks.com, Counihan is ranked #7692 out of 8761 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Hold with an average price target of $128.42.
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