Rio Tinto (RIO) Given a GBX 4,000 Price Target at UBS
Other equities analysts have also issued research reports about the stock. BNP Paribas set a GBX 4,000 ($53.84) target price on shares of Rio Tinto and gave the company a buy rating in a report on Wednesday, September 6th. Deutsche Bank boosted their price objective on shares of Rio Tinto from GBX 4,200 ($56.53) to GBX 4,300 ($57.87) and gave the stock a buy rating in a report on Tuesday, September 12th. reiterated a buy rating and issued a GBX 3,800 ($51.14) price objective on shares of Rio Tinto in a report on Wednesday, August 30th. Citigroup reiterated a buy rating on shares of Rio Tinto in a report on Wednesday, August 23rd. Finally, Jefferies Group boosted their price objective on shares of Rio Tinto from GBX 4,000 ($53.84) to GBX 4,200 ($56.53) and gave the stock a buy rating in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 3,984.75 ($53.63).
Rio Tinto (LON:RIO) traded up GBX 32 ($0.43) during trading hours on Wednesday, hitting GBX 3,562 ($47.94). 3,639,895 shares of the company traded hands, compared to its average volume of 3,870,000. Rio Tinto has a 1-year low of GBX 2,882.50 ($38.80) and a 1-year high of GBX 4,226.56 ($56.89).
In other Rio Tinto news, insider Christopher Lynch acquired 26,066 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of GBX 3,490 ($46.97) per share, with a total value of £909,703.40 ($1,224,365.28). Also, insider Jean-Sébastien Jacques acquired 10 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were acquired at an average cost of GBX 3,721 ($50.08) per share, with a total value of £372.10 ($500.81).
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.
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