Rio Tinto plc (RIO) Receives Buy Rating from Citigroup Inc.
RIO has been the subject of a number of other reports. Barclays PLC restated an overweight rating and issued a GBX 4,300 ($56.72) price target on shares of Rio Tinto plc in a research report on Wednesday, May 3rd. J P Morgan Chase & Co set a GBX 3,950 ($52.10) price target on Rio Tinto plc and gave the company a buy rating in a research report on Thursday, July 13th. Deutsche Bank AG restated a buy rating and issued a GBX 4,200 ($55.40) price target on shares of Rio Tinto plc in a research report on Thursday. Liberum Capital restated a sell rating and issued a GBX 2,400 ($31.66) price target on shares of Rio Tinto plc in a research report on Thursday, April 20th. Finally, Macquarie reiterated an outperform rating and issued a GBX 4,100 ($54.08) price objective on shares of Rio Tinto plc in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 3,731.25 ($49.22).
Shares of Rio Tinto plc (LON RIO) opened at 3597.50 on Thursday. The company’s market capitalization is GBX 64.62 billion. The company’s 50 day moving average price is GBX 3,305.60 and its 200-day moving average price is GBX 3,284.98. Rio Tinto plc has a 52 week low of GBX 2,253.50 and a 52 week high of GBX 3,718.50.
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In other Rio Tinto plc news, insider Jean-Sébastien Jacques purchased 11 shares of the business’s stock in a transaction on Monday, July 17th. The shares were bought at an average cost of GBX 3,501 ($46.18) per share, for a total transaction of £385.11 ($507.99). Also, insider Christopher Lynch sold 7,582 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of GBX 3,108 ($41.00), for a total value of £235,648.56 ($310,841.00).
About Rio Tinto plc
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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