Rio Tinto plc (RIO) PT Raised to GBX 3,700
Rio Tinto plc (LON:RIO) had its target price raised by Deutsche Bank AG from GBX 3,500 ($43.42) to GBX 3,700 ($45.90) in a report released on Friday morning. They currently have a buy rating on the stock.
A number of other equities research analysts have also recently commented on the stock. HSBC restated a buy rating and set a GBX 3,300 ($40.94) target price on shares of Rio Tinto plc in a research note on Friday, November 25th. Societe Generale raised their target price on shares of Rio Tinto plc from GBX 2,900 ($35.98) to GBX 3,000 ($37.22) and gave the stock a hold rating in a research note on Friday, November 25th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 3,200 ($39.70) target price on shares of Rio Tinto plc in a research note on Tuesday, November 22nd. Macquarie restated an outperform rating and set a GBX 3,700 ($45.90) target price on shares of Rio Tinto plc in a research note on Sunday, November 20th. Finally, Goldman Sachs Group Inc. restated a neutral rating and set a GBX 3,000 ($37.22) target price on shares of Rio Tinto plc in a research note on Wednesday, November 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Rio Tinto plc presently has a consensus rating of Buy and an average price target of GBX 2,881.56 ($35.75).
Shares of Rio Tinto plc (LON:RIO) opened at 2990.00 on Friday. The stock has a 50 day moving average of GBX 2,857.61 and a 200-day moving average of GBX 2,428.37. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 3,217.00. The company’s market capitalization is GBX 53.78 billion.
In other Rio Tinto plc news, insider Jean-Sébastien Jacques purchased 14 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were acquired at an average price of GBX 2,612 ($32.40) per share, for a total transaction of £365.68 ($453.64).
About Rio Tinto plc
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.
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