Rio Tinto plc (RIO) Insider Acquires £909,703.40 in Stock
Rio Tinto plc (LON:RIO) insider Christopher Lynch bought 26,066 shares of Rio Tinto stock in a transaction dated Friday, December 1st. The stock was purchased at an average cost of GBX 3,490 ($46.97) per share, for a total transaction of £909,703.40 ($1,224,365.28).
Rio Tinto plc (RIO) opened at GBX 3,440.50 ($46.31) on Friday. Rio Tinto plc has a 1-year low of GBX 2,882.50 ($38.80) and a 1-year high of GBX 4,226.56 ($56.89).
Several equities research analysts have recently weighed in on RIO shares. Macquarie reissued an “outperform” rating and issued a GBX 4,500 ($60.57) target price on shares of Rio Tinto in a research note on Wednesday, August 30th. J P Morgan Chase & Co increased their target price on shares of Rio Tinto from GBX 4,000 ($53.84) to GBX 4,100 ($55.18) and gave the company an “overweight” rating in a research note on Tuesday, September 5th. reissued a “buy” rating and issued a GBX 3,800 ($51.14) target price on shares of Rio Tinto in a research note on Wednesday, August 30th. Deutsche Bank increased their target price on shares of Rio Tinto from GBX 4,300 ($57.87) to GBX 4,500 ($60.57) and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Barclays increased their target price on shares of Rio Tinto from GBX 4,100 ($55.18) to GBX 4,500 ($60.57) and gave the company an “overweight” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 3,987.25 ($53.66).
COPYRIGHT VIOLATION WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/12/07/rio-tinto-plc-rio-insider-acquires-909703-40-in-stock.html.
Rio Tinto 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.
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 MarketBeat.com's FREE daily email newsletter.