Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reiterated by investment analysts at HSBC in a research report issued to clients and investors on Friday. They currently have a GBX 3,300 ($41.23) target price on the stock. HSBC’s target price would indicate a potential upside of 6.35% from the company’s current price.

A number of other research analysts have also commented on RIO. Macquarie reaffirmed an “outperform” rating and issued a GBX 2,900 ($36.23) price objective on shares of Rio Tinto plc in a report on Thursday, August 4th. Beaufort Securities reaffirmed a “hold” rating on shares of Rio Tinto plc in a report on Thursday, August 4th. BNP Paribas upped their price objective on Rio Tinto plc from GBX 1,950 ($24.36) to GBX 2,000 ($24.99) and gave the company a “neutral” rating in a report on Thursday, August 4th. Societe Generale set a GBX 2,900 ($36.23) price objective on Rio Tinto plc and gave the company a “neutral” rating in a report on Monday. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,600 ($32.48) price objective on shares of Rio Tinto plc in a report on Thursday, August 4th. Three investment 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,811.56 ($35.13).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Rio Tinto plc (LON:RIO) opened at 3114.50 on Friday. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 3,217.00. The company’s market capitalization is GBX 56.02 billion. The company has a 50 day moving average price of GBX 2,825.88 and a 200-day moving average price of GBX 2,410.00.

In related news, insider Jean-Sébastien Jacques bought 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).

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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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