Rio Tinto plc (RIO) Given New GBX 3,100 Price Target at Jefferies Group
Rio Tinto plc (LON:RIO) had its price target upped by Jefferies Group from GBX 2,800 ($34.65) to GBX 3,100 ($38.37) in a report issued on Friday. Jefferies Group currently has a buy rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein set a GBX 2,520 ($31.19) price objective on shares of Rio Tinto plc and gave the stock a buy rating in a report on Tuesday, June 21st. Deutsche Bank AG reiterated a buy rating on shares of Rio Tinto plc in a research report on Wednesday, June 22nd. Haitong Bank boosted their price target on shares of Rio Tinto plc from GBX 2,515 ($31.13) to GBX 2,783 ($34.44) and gave the stock a buy rating in a research report on Thursday, June 30th. JPMorgan Chase & Co. set a GBX 3,000 ($37.13) price target on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, July 14th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 2,660 ($32.92) price target on shares of Rio Tinto plc in a research report on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 2,625.96 ($32.50).
Rio Tinto plc (LON:RIO) traded down 0.13% during midday trading on Friday, hitting GBX 2592.50. 2,981,008 shares of the company’s stock traded hands. The company’s market capitalization is GBX 46.63 billion. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 2,800.00. The company has a 50 day moving average of GBX 2,458.92 and a 200-day moving average of GBX 2,261.04.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were issued a GBX 33.80 ($0.42) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.39%.
Rio Tinto plc Company Profile
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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