Rio Tinto plc (RIO) Receives Overweight Rating from Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Rio Tinto plc (LON:RIO) in a research report sent to investors on Tuesday morning. Barclays PLC currently has a GBX 4,100 ($52.95) target price on the stock.
A number of other research analysts have also weighed in on the company. Deutsche Bank AG upped their price objective on Rio Tinto plc from GBX 4,200 ($54.24) to GBX 4,300 ($55.53) and gave the stock a buy rating in a report on Tuesday. Credit Suisse Group reaffirmed an outperform rating and set a GBX 4,000 ($51.66) price objective on shares of Rio Tinto plc in a report on Thursday, September 7th. BNP Paribas set a GBX 4,000 ($51.66) price objective on Rio Tinto plc and gave the stock a buy rating in a report on Wednesday, September 6th. J P Morgan Chase & Co upped their price objective on Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,100 ($52.95) and gave the stock an overweight rating in a report on Tuesday, September 5th. Finally, Jefferies Group LLC upped their price objective on Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,200 ($54.24) and gave the stock a buy rating in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 3,801.25 ($49.09).
Rio Tinto plc (LON:RIO) opened at 3632.50 on Tuesday. Rio Tinto plc has a 12 month low of GBX 2,258.00 and a 12 month high of GBX 3,784.50. The stock’s market cap is GBX 65.13 billion. The stock’s 50 day moving average price is GBX 3,567.97 and its 200-day moving average price is GBX 3,297.14.
COPYRIGHT VIOLATION NOTICE: “Rio Tinto plc (RIO) Receives Overweight Rating from Barclays PLC” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/13/rio-tinto-plc-rio-receives-overweight-rating-from-barclays-plc.html.
The company also recently announced a dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 10th will be issued a GBX 83.13 ($1.07) dividend. This represents a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 10th.
In other news, insider Jean-Sébastien Jacques bought 11 shares of the stock in a transaction on Monday, July 17th. The shares were bought at an average price of GBX 3,501 ($45.22) per share, with a total value of £385.11 ($497.37). Also, insider W Sam H. Laidlaw bought 7,500 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of GBX 3,420 ($44.17) per share, for a total transaction of £256,500 ($331,266.95).
Rio Tinto plc Company Profile
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
Receive News & Stock Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related stocks with our FREE daily email newsletter.