Rio Tinto plc (RIO) PT Set at GBX 3,200 by S&P Global Inc.
Rio Tinto plc (LON:RIO) has been assigned a GBX 3,200 ($39.70) target price by analysts at S&P Global Inc. in a report issued on Friday. The brokerage presently has a “neutral” rating on the stock. S&P Global Inc.’s price target would indicate a potential upside of 2.66% from the stock’s current price.
RIO has been the subject of several other reports. Royal Bank Of Canada upgraded Rio Tinto plc to an “outperform” rating and increased their target price for the company from GBX 2,200 ($27.29) to GBX 3,400 ($42.18) in a research report on Thursday, September 8th. Canaccord Genuity increased their target price on Rio Tinto plc from GBX 2,800 ($34.74) to GBX 3,130 ($38.83) and gave the company a “buy” rating in a research report on Friday, August 26th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 3,230 ($40.07) target price on shares of Rio Tinto plc in a research report on Wednesday, August 31st. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 3,200 ($39.70) target price on shares of Rio Tinto plc in a research report on Wednesday, October 26th. Finally, Citigroup Inc. set a GBX 2,600 ($32.25) target price on Rio Tinto plc and gave the company a “neutral” rating in a research report on Friday, September 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,881.56 ($35.75).
Shares of Rio Tinto plc (LON:RIO) opened at 3075.00 on Friday. The company’s market cap is GBX 55.31 billion. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 3,217.00. The firm has a 50-day moving average price of GBX 2,857.61 and a 200 day moving average price of GBX 2,428.37.
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In other news, insider Jean-Sébastien Jacques bought 14 shares of the stock in a transaction on Monday, October 17th. The shares were purchased at an average cost of GBX 2,612 ($32.40) per share, for a total transaction of £365.68 ($453.64).
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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