Societe Generale Boosts Rio Tinto plc (RIO) Price Target to GBX 3,000
Rio Tinto plc (LON:RIO) had its price target increased by Societe Generale from GBX 2,900 ($35.98) to GBX 3,000 ($37.22) in a research note released on Friday. They currently have a hold rating on the stock.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG reissued a buy rating and issued a GBX 3,230 ($40.07) price target on shares of Rio Tinto plc in a report on Monday, August 8th. Canaccord Genuity reissued a buy rating and issued a GBX 2,800 ($34.74) price target on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Investec reissued a buy rating on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Finally, Jefferies Group reissued a buy rating and issued a GBX 2,600 ($32.25) price target on shares of Rio Tinto plc in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 2,881.56 ($35.75).
Rio Tinto plc (LON:RIO) opened at 2978.00 on Friday. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 3,217.00. The company has a 50-day moving average of GBX 2,857.61 and a 200-day moving average of GBX 2,428.37. The company’s market cap is GBX 53.57 billion.
In other Rio Tinto plc news, insider Jean-Sébastien Jacques purchased 14 shares of the firm’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, with a total value of £365.68 ($453.64).
Rio Tinto plc Company Profile
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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