Rio Tinto plc (RIO) Given a GBX 2,900 Price Target at Societe Generale
RIO has been the subject of a number of other reports. Royal Bank Of Canada raised Rio Tinto plc to an outperform rating and raised their price target for the stock from GBX 2,200 ($27.49) to GBX 3,400 ($42.48) in a research note on Thursday, September 8th. Canaccord Genuity raised their price target on Rio Tinto plc from GBX 2,800 ($34.98) to GBX 3,130 ($39.11) and gave the stock a buy rating in a research note on Friday, August 26th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 3,230 ($40.35) price target on shares of Rio Tinto plc in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 3,200 ($39.98) price target on shares of Rio Tinto plc in a research note on Wednesday, October 26th. Finally, Macquarie reaffirmed an outperform rating and set a GBX 2,900 ($36.23) price target on shares of Rio Tinto plc in a research note on Monday, September 5th. Three research 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. The company currently has an average rating of Hold and a consensus target price of GBX 2,789.56 ($34.85).
Shares of Rio Tinto plc (LON:RIO) traded up 2.98% during mid-day trading on Monday, hitting GBX 3058.00. The stock had a trading volume of 2,996,611 shares. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 3,217.00. The firm’s market cap is GBX 55.01 billion. The company has a 50-day moving average of GBX 2,791.88 and a 200 day moving average of GBX 2,391.70.
In other news, insider Jean-Sébastien Jacques acquired 14 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were bought at an average price of GBX 2,612 ($32.63) per share, with a total value 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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