Rio Tinto plc (RIO) Given a GBX 2,750 Price Target at Credit Suisse Group AG
A number of other equities analysts also recently issued reports on the stock. Citigroup Inc. downgraded shares of Rio Tinto plc to a sell rating and cut their price target for the company from GBX 2,600 ($32.18) to GBX 2,450 ($30.32) in a report on Thursday. Canaccord Genuity increased their price target on shares of Rio Tinto plc from GBX 2,660 ($32.92) to GBX 2,800 ($34.65) and gave the company a buy rating in a report on Wednesday, July 27th. Deutsche Bank AG reiterated a buy rating and issued a GBX 3,230 ($39.98) price target on shares of Rio Tinto plc in a report on Monday, August 8th. Royal Bank Of Canada reiterated an outperform rating and issued a GBX 3,400 ($42.08) price target on shares of Rio Tinto plc in a report on Tuesday, October 4th. Finally, Jefferies Group reiterated a buy rating on shares of Rio Tinto plc in a report on Friday, July 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Rio Tinto plc currently has an average rating of Hold and an average price target of GBX 2,625.96 ($32.50).
Rio Tinto plc (LON:RIO) traded down 0.13% during trading on Friday, reaching GBX 2592.50. 2,981,008 shares of the company’s stock traded hands. The firm has a 50 day moving average of GBX 2,458.92 and a 200 day moving average of GBX 2,261.04. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 2,800.00. The firm’s market capitalization is GBX 46.63 billion.
The business also recently declared a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 11th were paid a GBX 33.80 ($0.42) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.39%.
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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