Christopher Lynch Acquires 26,066 Shares of Rio Tinto plc (RIO) Stock
Rio Tinto plc (LON:RIO) insider Christopher Lynch acquired 26,066 shares of Rio Tinto stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of GBX 3,490 ($46.97) per share, with a total value of £909,703.40 ($1,224,365.28).
Rio Tinto plc (RIO) opened at GBX 3,456.79 ($46.52) on Thursday. Rio Tinto plc has a one year low of GBX 2,882.50 ($38.80) and a one year high of GBX 4,226.56 ($56.89).
A number of analysts have commented on the company. UBS set a GBX 3,750 ($50.47) price target on Rio Tinto and gave the stock a “buy” rating in a research report on Friday, August 11th. J P Morgan Chase & Co upped their price target on Rio Tinto from GBX 4,000 ($53.84) to GBX 4,100 ($55.18) and gave the stock an “overweight” rating in a research report on Tuesday, September 5th. Barclays restated an “overweight” rating and issued a GBX 4,100 ($55.18) price target on shares of Rio Tinto in a research report on Tuesday, September 12th. Citigroup upgraded Rio Tinto to a “buy” rating and set a GBX 4,050 ($54.51) price target for the company in a research report on Tuesday. Finally, Macquarie restated an “outperform” rating and issued a GBX 4,500 ($60.57) price target on shares of Rio Tinto in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Rio Tinto presently has an average rating of “Buy” and an average target price of GBX 3,987.25 ($53.66).
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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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