Rio Tinto plc’s (RIO) “Buy” Rating Reaffirmed at Macquarie
A number of other equities research analysts have also weighed in on RIO. UBS AG set a GBX 3,750 ($49.32) price objective on shares of Rio Tinto plc and gave the company a buy rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a GBX 3,000 ($39.46) price objective on shares of Rio Tinto plc and gave the company a neutral rating in a report on Tuesday, August 15th. J P Morgan Chase & Co set a GBX 4,000 ($52.61) price objective on shares of Rio Tinto plc and gave the company a buy rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a top pick rating and set a GBX 4,200 ($55.24) price objective on shares of Rio Tinto plc in a report on Wednesday, August 9th. Finally, S&P Global set a GBX 3,800 ($49.98) price objective on shares of Rio Tinto plc and gave the company a neutral rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 3,907.25 ($51.39).
Rio Tinto plc (LON:RIO) opened at GBX 3,687.50 ($48.50) on Monday. Rio Tinto plc has a 12-month low of GBX 2,775 ($36.50) and a 12-month high of GBX 3,831.50 ($50.39).
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In other Rio Tinto plc news, insider W Sam H. Laidlaw acquired 7,500 shares of the business’s stock in a transaction on Monday, August 14th. The stock was bought at an average price of GBX 3,420 ($44.98) per share, for a total transaction of £256,500 ($337,366.83). Also, insider Jean-Sébastien Jacques acquired 10 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was acquired at an average price of GBX 3,721 ($48.94) per share, with a total value of £372.10 ($489.41).
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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