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.

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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.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

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