Rio Tinto plc (RIO) Price Target Increased to GBX 3,650 by Analysts at JPMorgan Chase & Co.
Rio Tinto plc (LON:RIO) had its price objective boosted by JPMorgan Chase & Co. from GBX 3,200 ($39.98) to GBX 3,650 ($45.60) in a research note issued to investors on Friday. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other equities research analysts have also weighed in on RIO. Macquarie reaffirmed an outperform rating and issued a GBX 2,900 ($36.23) target price on shares of Rio Tinto plc in a report on Thursday, August 4th. Beaufort Securities reiterated a hold rating on shares of Rio Tinto plc in a research report on Thursday, August 4th. BNP Paribas upped their price target on shares of Rio Tinto plc from GBX 1,950 ($24.36) to GBX 2,000 ($24.99) and gave the stock a neutral rating in a research report on Thursday, August 4th. Societe Generale set a GBX 2,900 ($36.23) price target on shares of Rio Tinto plc and gave the stock a neutral rating in a research report on Monday, November 21st. Finally, Jefferies Group reiterated a buy rating and set a GBX 2,600 ($32.48) price target on shares of Rio Tinto plc in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Rio Tinto plc presently has a consensus rating of Buy and a consensus price target of GBX 2,881.56 ($36.00).
Rio Tinto plc (LON:RIO) opened at 3106.50 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 stock’s market capitalization is GBX 55.88 billion. The stock has a 50 day moving average of GBX 2,838.65 and a 200 day moving average of GBX 2,414.85.
In other Rio Tinto plc news, insider Jean-Sébastien Jacques purchased 14 shares of the business’s stock in a transaction on Monday, October 17th. The stock was acquired 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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