Rio Tinto plc (RIO) PT Raised to GBX 2,300
Rio Tinto plc (LON:RIO) had its price objective boosted by research analysts at Credit Suisse Group AG from GBX 2,100 ($27.97) to GBX 2,300 ($30.63) in a note issued to investors on Monday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 0.90% from the stock’s previous close.
Several other research firms have also issued reports on RIO. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,800 ($37.29) price target on shares of Rio Tinto plc in a research report on Wednesday, August 3rd. Jefferies Group reissued a “buy” rating and issued a GBX 2,300 ($30.63) price target on shares of Rio Tinto plc in a research report on Wednesday, May 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,200 ($29.30) price target on shares of Rio Tinto plc in a research report on Wednesday, July 20th. Deutsche Bank AG lowered their price target on shares of Rio Tinto plc from GBX 3,000 ($39.96) to GBX 2,800 ($37.29) and set a “buy” rating on the stock in a research report on Thursday, June 16th. Finally, Macquarie reissued an “outperform” rating and issued a GBX 2,900 ($38.63) price target on shares of Rio Tinto plc in a research report on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,572.38 ($34.26).
Rio Tinto plc (LON:RIO) opened at 2282.3357 on Monday. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 2,621.00. The stock’s 50 day moving average is GBX 2,400.89 and its 200 day moving average is GBX 2,185.00. The company’s market cap is GBX 41.05 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 11th will be given a dividend of GBX 33.80 ($0.45) per share. This represents a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 11th.
In other news, insider Jacques,Jean-Sébastien acquired 15 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were bought at an average cost of GBX 2,433 ($32.41) per share, with a total value of £364.95 ($486.08).
Rio Tinto plc Company Profile
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.
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