Rio Tinto plc (RIO) Earns Overweight Rating from Barclays PLC
RIO has been the topic of several other research reports. Credit Suisse Group AG boosted their price target on shares of Rio Tinto plc from GBX 2,100 ($26.24) to GBX 2,300 ($28.74) and gave the company a neutral rating in a research report on Monday, September 19th. Jefferies Group reaffirmed a buy rating on shares of Rio Tinto plc in a report on Friday, July 15th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 3,200 ($39.98) target price on shares of Rio Tinto plc in a report on Wednesday, October 26th. Macquarie reaffirmed an outperform rating and set a GBX 3,500 ($43.73) target price on shares of Rio Tinto plc in a report on Friday, October 28th. Finally, Societe Generale set a GBX 2,500 ($31.23) target price on shares of Rio Tinto plc and gave the stock a neutral rating in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Rio Tinto plc currently has a consensus rating of Hold and a consensus target price of GBX 2,730.56 ($34.11).
Shares of Rio Tinto plc (LON:RIO) opened at 3022.50 on Thursday. Rio Tinto plc has a 12 month low of GBX 1,557.00 and a 12 month high of GBX 3,217.00. The firm’s market cap is GBX 54.37 billion. The firm has a 50-day moving average of GBX 2,730.36 and a 200-day moving average of GBX 2,365.79.
In related news, insider Jean-Sébastien Jacques purchased 14 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were purchased at an average price of GBX 2,612 ($32.63) per share, with a total value of £365.68 ($456.87).
About Rio Tinto plc
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.
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