Societe Generale upgraded shares of Rio Tinto plc (LON:RIO) to a buy rating in a research note released on Thursday. The brokerage currently has GBX 4,400 ($57.87) target price on the stock, up from their prior target price of GBX 3,600 ($47.35).

RIO has been the subject of several other reports. Deutsche Bank AG increased their price target on shares of Rio Tinto plc from GBX 4,200 ($55.24) to GBX 4,300 ($56.56) and gave the stock a buy rating in a report on Tuesday, September 12th. UBS AG set a GBX 3,750 ($49.32) price target on shares of Rio Tinto plc and gave the stock a buy rating in a report on Wednesday, August 30th. HSBC Holdings plc reissued a buy rating and set a GBX 3,800 ($49.98) price target on shares of Rio Tinto plc in a report on Wednesday, August 30th. Jefferies Group LLC increased their price target on shares of Rio Tinto plc from GBX 4,000 ($52.61) to GBX 4,200 ($55.24) and gave the stock a buy rating in a report on Thursday, August 31st. Finally, Credit Suisse Group reissued an outperform rating and set a GBX 4,000 ($52.61) price target on shares of Rio Tinto plc in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 3,907.25 ($51.39).

Rio Tinto plc (RIO) traded up GBX 14.50 ($0.19) during midday trading on Thursday, reaching GBX 3,709.50 ($48.79). 1,813,214 shares of the company traded hands, compared to its average volume of 3,560,000. Rio Tinto plc has a 52-week low of GBX 2,882.50 ($37.91) and a 52-week high of GBX 3,831.50 ($50.39).

COPYRIGHT VIOLATION NOTICE: “Rio Tinto plc (RIO) Upgraded to “Buy” by Societe Generale” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/13/rio-tinto-plc-rio-upgraded-to-buy-by-societe-generale-2.html.

In other news, insider Jean-S√©bastien Jacques bought 10 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were purchased at an average price of GBX 3,721 ($48.94) per share, for a total transaction of ¬£372.10 ($489.41).

About Rio Tinto plc

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)

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.