Rio Tinto plc (RIO) PT Raised to GBX 3,150 at JPMorgan Chase & Co.
Rio Tinto plc (LON:RIO) had its price objective boosted by research analysts at JPMorgan Chase & Co. from GBX 3,050 ($40.62) to GBX 3,150 ($41.96) in a research note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 38.19% from the company’s current price.
Several other analysts have also commented on RIO. Macquarie reiterated an “outperform” rating and issued a GBX 2,900 ($38.63) price target on shares of Rio Tinto plc in a research report on Thursday, August 4th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 3,000 ($39.96) price target on shares of Rio Tinto plc in a research report on Tuesday, May 31st. Beaufort Securities reiterated a “hold” rating on shares of Rio Tinto plc in a research report on Thursday, August 4th. Credit Suisse Group AG reiterated a “neutral” rating on shares of Rio Tinto plc in a research report on Friday, May 27th. Finally, BNP Paribas increased their price target on shares of Rio Tinto plc from GBX 1,950 ($25.97) to GBX 2,000 ($26.64) and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. Rio Tinto plc has a consensus rating of “Hold” and an average target price of GBX 2,572.38 ($34.26).
Shares of Rio Tinto plc (LON:RIO) opened at 2282.3357 on Thursday. The firm’s market cap is GBX 41.05 billion. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 2,621.00. The company has a 50-day moving average of GBX 2,400.89 and a 200 day moving average of GBX 2,185.00.
The business also recently declared a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th will be given a dividend of GBX 33.80 ($0.45) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 1.39%.
In other Rio Tinto plc news, insider Jacques,Jean-Sébastien acquired 15 shares of the stock in a transaction dated Monday, July 18th. The shares were bought at an average price 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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