Rio Tinto plc (LON:RIO) had its price objective boosted by investment analysts at Deutsche Bank AG from GBX 3,500 ($43.73) to GBX 3,700 ($46.23) in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 19.24% from the company’s current price.

Other analysts have also recently issued reports about the company. HSBC reissued a “buy” rating and set a GBX 3,300 ($41.23) target price on shares of Rio Tinto plc in a research note on Friday. Societe Generale increased their target price on Rio Tinto plc from GBX 2,900 ($36.23) to GBX 3,000 ($37.48) and gave the stock a “hold” rating in a research note on Friday. Liberum Capital reissued a “sell” rating and set a GBX 1,590 ($19.87) target price on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Barclays PLC increased their target price on Rio Tinto plc from GBX 2,600 ($32.48) to GBX 2,800 ($34.98) and gave the stock an “overweight” rating in a research note on Wednesday, September 21st. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($39.98) target price on Rio Tinto plc and gave the stock a “buy” rating in a research note on Tuesday, November 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,811.56 ($35.13).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Rio Tinto plc (LON:RIO) opened at 3114.00 on Friday. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 3,217.00. The company’s market cap is GBX 56.01 billion. The stock has a 50 day moving average of GBX 2,825.88 and a 200-day moving average of GBX 2,410.00.

In related 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 cost of GBX 2,612 ($32.63) per share, with a total value of £365.68 ($456.87).

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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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