Rio Tinto plc (RIO) Stock Rating Reaffirmed by Liberum Capital
Rio Tinto plc (LON:RIO)‘s stock had its “sell” rating reissued by stock analysts at Liberum Capital in a report issued on Friday. They currently have a GBX 2,450 ($30.26) price target on the stock. Liberum Capital’s price target would suggest a potential downside of 29.39% from the company’s current price.
Other research analysts also recently issued research reports about the stock. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 3,300 ($40.76) price target on shares of Rio Tinto plc in a report on Friday, November 25th. Deutsche Bank AG increased their price target on shares of Rio Tinto plc from GBX 3,500 ($43.23) to GBX 3,700 ($45.70) and gave the company a “buy” rating in a report on Friday, November 25th. Jefferies Group LLC increased their price target on shares of Rio Tinto plc from GBX 3,300 ($40.76) to GBX 3,600 ($44.46) and gave the company a “buy” rating in a report on Monday, November 28th. Finally, Royal Bank of Canada set a GBX 3,800 ($46.93) price target on shares of Rio Tinto plc and gave the company a “buy” rating in a report on Monday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 3,445.90 ($42.56).
Rio Tinto plc (LON:RIO) opened at 3470.00 on Friday. The stock’s market cap is GBX 62.43 billion. Rio Tinto plc has a 12-month low of GBX 1,845.00 and a 12-month high of GBX 3,718.50. The firm’s 50 day moving average price is GBX 3,436.29 and its 200-day moving average price is GBX 3,036.65.
The firm also recently disclosed a dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, February 23rd will be issued a dividend of GBX 100.56 ($1.24) per share. This represents a yield of 2.98%. This is a positive change from Rio Tinto plc’s previous dividend of $33.80. The ex-dividend date of this dividend is Thursday, February 23rd.
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In related news, insider Jean-Sébastien Jacques sold 3,325 shares of Rio Tinto plc stock in a transaction that occurred on Monday, February 20th. The shares were sold at an average price of GBX 3,618 ($44.68), for a total transaction of £120,298.50 ($148,571.69).
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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