Rio Tinto plc (LON:RIO) had its target price reduced by Barclays PLC from GBX 4,300 ($56.15) to GBX 4,100 ($53.54) in a report published on Friday. Barclays PLC currently has an overweight rating on the stock.

RIO has been the topic of several other research reports. Jefferies Group LLC reissued a buy rating on shares of Rio Tinto plc in a research note on Wednesday, March 29th. J P Morgan Chase & Co set a GBX 3,950 ($51.58) target price on Rio Tinto plc and gave the company a buy rating in a research note on Thursday. Liberum Capital reissued a sell rating and issued a GBX 2,400 ($31.34) target price on shares of Rio Tinto plc in a research note on Thursday, April 20th. BNP Paribas reissued a neutral rating and issued a GBX 3,650 ($47.66) target price on shares of Rio Tinto plc in a research note on Tuesday, March 28th. Finally, Macquarie reissued an outperform rating and issued a GBX 4,100 ($53.54) target price on shares of Rio Tinto plc in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 3,668.24 ($47.90).

Shares of Rio Tinto plc (LON:RIO) traded up 0.71% during trading on Friday, reaching GBX 3472.50. The company had a trading volume of 3,215,990 shares. Rio Tinto plc has a 52-week low of GBX 2,253.50 and a 52-week high of GBX 3,718.50. The firm’s market capitalization is GBX 62.47 billion. The company has a 50 day moving average of GBX 3,131.23 and a 200-day moving average of GBX 3,240.47.

TRADEMARK VIOLATION WARNING: “Rio Tinto plc (LON:RIO) Given New GBX 4,100 Price Target at Barclays PLC” was published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at

In related news, insider Jean-Sébastien Jacques purchased 12 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was purchased at an average cost of GBX 3,043 ($39.74) per share, for a total transaction of £365.16 ($476.83). Also, insider Christopher Lynch sold 7,582 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 3,108 ($40.59), for a total value of £235,648.56 ($307,715.54). Over the last 90 days, insiders sold 7,599 shares of company stock valued at $23,616,383.

Rio Tinto plc Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with's FREE daily email newsletter.