Rio Tinto plc (RIO) Receives GBX 3,153.64 Consensus Target Price from Analysts
Rio Tinto plc (LON:RIO) has earned a consensus rating of “Buy” from the twenty-five research firms that are covering the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 3,153.64 ($38.35).
A number of equities research analysts have weighed in on the stock. Barclays PLC lifted their price target on shares of Rio Tinto plc from GBX 3,200 ($38.92) to GBX 4,490 ($54.60) and gave the company an “overweight” rating in a research report on Monday, January 9th. Jefferies Group reiterated a “buy” rating and set a GBX 3,800 ($46.21) price target on shares of Rio Tinto plc in a research report on Friday, January 6th. Deutsche Bank AG set a GBX 3,780 ($45.97) price target on shares of Rio Tinto plc and gave the company a “buy” rating in a research report on Monday, December 19th. Liberum Capital reiterated a “sell” rating and set a GBX 2,130 ($25.90) price target on shares of Rio Tinto plc in a research report on Thursday, December 15th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 3,750 ($45.60) price target on shares of Rio Tinto plc in a research report on Tuesday, December 13th.
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In other Rio Tinto plc news, insider Jean-Sébastien Jacques acquired 8,259 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were acquired at an average cost of GBX 3,036 ($36.92) per share, for a total transaction of £250,743.24 ($304,929.15).
Shares of Rio Tinto plc (LON:RIO) opened at 3417.50 on Wednesday. The stock’s market cap is GBX 61.47 billion. The company’s 50-day moving average is GBX 3,100.95 and its 200-day moving average is GBX 2,652.20. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 3,452.99.
About Rio Tinto plc
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.
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