Rio Tinto plc (LON:RIO) Given New GBX 4,100 Price Target at Barclays PLC
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.
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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.
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