Rio Tinto plc (RIO) PT Raised to GBX 3,250 at Deutsche Bank AG
Rio Tinto plc (LON:RIO) had its target price boosted by Deutsche Bank AG from GBX 3,245 ($40.54) to GBX 3,250 ($40.60) in a research report issued on Monday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 8.19% from the stock’s current price.
Several other brokerages also recently commented on RIO. Macquarie upped their target price on Rio Tinto plc from GBX 3,500 ($43.73) to GBX 3,700 ($46.23) and gave the company an “outperform” rating in a report on Monday. Barclays PLC reaffirmed an “overweight” rating on shares of Rio Tinto plc in a report on Thursday, November 10th. HSBC began coverage on Rio Tinto plc in a report on Thursday, November 10th. They set a “buy” rating and a GBX 3,300 ($41.23) target price for the company. Jefferies Group increased their price objective on Rio Tinto plc from GBX 3,100 ($38.73) to GBX 3,300 ($41.23) and gave the stock a “buy” rating in a research note on Thursday, November 10th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($39.98) price objective on Rio Tinto plc and gave the stock a “buy” rating in a research note on Tuesday, November 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Rio Tinto plc has a consensus rating of “Hold” and an average target price of GBX 2,730.56 ($34.11).
Shares of Rio Tinto plc (LON:RIO) opened at 3004.00 on Monday. The stock’s 50 day moving average price is GBX 2,737.76 and its 200-day moving average price is GBX 2,369.82. The stock’s market cap is GBX 54.04 billion. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 3,217.00.
In other Rio Tinto plc news, insider Jean-Sébastien Jacques acquired 14 shares of the business’s stock in a transaction on Monday, October 17th. The stock was purchased at an average price of GBX 2,612 ($32.63) per share, for a total transaction of £365.68 ($456.87).
Rio Tinto plc Company Profile
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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