Rio Tinto plc (RIO) Trading Down 0%
Rio Tinto plc (LON:RIO) shares were down 0% during trading on Thursday . The company traded as low as GBX 3,589.50 ($47.21) and last traded at GBX 3,549 ($46.68). Approximately 7,140,584 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 3,530,000 shares. The stock had previously closed at GBX 3,549 ($46.68).
A number of research analysts recently commented on RIO shares. Deutsche Bank AG raised their price target on Rio Tinto plc from GBX 4,200 ($55.24) to GBX 4,300 ($56.56) and gave the stock a “buy” rating in a research report on Tuesday, September 12th. UBS AG set a GBX 3,750 ($49.32) price target on Rio Tinto plc and gave the stock a “buy” rating in a research report on Wednesday, August 30th. restated a “buy” rating and issued a GBX 3,800 ($49.98) price target on shares of Rio Tinto plc in a research report on Wednesday, August 30th. Jefferies Group LLC raised their price target on Rio Tinto plc from GBX 4,000 ($52.61) to GBX 4,200 ($55.24) and gave the stock a “buy” rating in a research report on Thursday, August 31st. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 4,000 ($52.61) price target on shares of Rio Tinto plc in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Rio Tinto plc presently has an average rating of “Buy” and an average target price of GBX 3,907.25 ($51.39).
In related news, insider Jean-Sébastien Jacques acquired 10 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were bought at an average cost of GBX 3,721 ($48.94) per share, with a total value of £372.10 ($489.41).
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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.
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