Rio Tinto plc (RIO) Given a GBX 2,600 Price Target at Citigroup Inc.
A number of other equities research analysts also recently commented on RIO. Macquarie restated an outperform rating and issued a GBX 2,900 ($37.85) price objective on shares of Rio Tinto plc in a research report on Thursday, August 4th. Beaufort Securities restated a hold rating on shares of Rio Tinto plc in a research report on Thursday, August 4th. BNP Paribas raised their price objective on shares of Rio Tinto plc from GBX 1,950 ($25.45) to GBX 2,000 ($26.11) and gave the company a neutral rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. set a GBX 3,000 ($39.16) price objective on shares of Rio Tinto plc and gave the company a buy rating in a research report on Thursday, July 14th. Finally, Jefferies Group restated a buy rating and issued a GBX 2,600 ($33.94) price objective on shares of Rio Tinto plc in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 2,595.73 ($33.88).
Shares of Rio Tinto plc (LON:RIO) traded up 0.80% during trading on Friday, hitting GBX 2595.00. The company had a trading volume of 1,988,271 shares. The firm’s market capitalization is GBX 46.68 billion. The stock’s 50-day moving average is GBX 2,403.26 and its 200 day moving average is GBX 2,216.75. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 2,635.00.
The firm also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were given a GBX 33.80 ($0.44) dividend. This represents a yield of 1.39%. The ex-dividend date was Thursday, August 11th.
In other Rio Tinto plc news, insider Jacques,Jean-Sébastien bought 15 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was bought at an average cost of GBX 2,433 ($31.76) per share, with a total value of £364.95 ($476.37).
About Rio Tinto plc
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.
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