Rio Tinto (LON:RIO) had its price target raised by stock analysts at Barclays from GBX 3,750 ($49.00) to GBX 4,100 ($53.57) in a research note issued to investors on Thursday. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 6.01% from the company’s current price.

Other analysts also recently issued reports about the company. Credit Suisse Group set a GBX 5,000 ($65.33) target price on Rio Tinto and gave the company a “buy” rating in a research note on Wednesday, September 19th. Royal Bank of Canada set a GBX 3,200 ($41.81) price target on Rio Tinto and gave the company a “sell” rating in a research note on Wednesday, October 3rd. Citigroup reiterated a “buy” rating on shares of Rio Tinto in a research note on Friday, September 21st. Liberum Capital upgraded Rio Tinto to a “hold” rating in a research note on Tuesday, September 18th. Finally, Deutsche Bank reiterated a “hold” rating on shares of Rio Tinto in a research note on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 4,163.75 ($54.41).

Shares of RIO opened at GBX 3,867.50 ($50.54) on Thursday. Rio Tinto has a one year low of GBX 2,882.50 ($37.66) and a one year high of GBX 4,226.56 ($55.23).

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 11,251 shares of Rio Tinto stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of GBX 3,751 ($49.01), for a total transaction of £422,025.01 ($551,450.42). Also, insider Jakob Stausholm sold 15,000 shares of Rio Tinto stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of GBX 3,664 ($47.88), for a total transaction of £549,600 ($718,149.75). In the last three months, insiders have sold 26,258 shares of company stock worth $97,187,925.

About Rio Tinto

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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