Rio Tinto plc (LON:RIO) Receives Average Rating of “Hold” from Analysts
Rio Tinto plc (LON:RIO) has earned a consensus recommendation of “Hold” from the twenty analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 4,605.07 ($60.17).
RIO has been the subject of several research analyst reports. Citigroup set a $210.00 price target on Constellation Brands and gave the company a “hold” rating in a report on Monday, July 1st. Investec cut Rio Tinto from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SUZUKI MTR CORP/ADR in a report on Wednesday, July 17th. Morgan Stanley set a $70.00 price target on Edison International and gave the company a “hold” rating in a report on Monday, July 15th. Finally, HSBC set a $12.00 price target on Transocean and gave the company a “buy” rating in a report on Monday, July 15th.
In other news, insider Jean-Sébastien Jacques sold 4,011 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of GBX 4,510 ($58.93), for a total value of £180,896.10 ($236,372.79).
About Rio Tinto
Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.
Further Reading: Trading Stocks – What are percentage gainers?
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.