Rio Tinto plc (RIO) Given Consensus Rating of “Hold” by Brokerages
Shares of Rio Tinto plc (LON:RIO) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 4,253.64 ($55.58).
RIO has been the topic of a number of research reports. Liberum Capital reissued a “hold” rating on shares of Rio Tinto in a report on Wednesday, November 7th. Deutsche Bank reissued a “hold” rating and issued a GBX 4,300 ($56.19) price objective on shares of Rio Tinto in a report on Tuesday, November 6th. UBS Group reissued a “buy” rating and issued a GBX 4,600 ($60.11) price objective on shares of Rio Tinto in a report on Friday, November 30th. Credit Suisse Group reissued an “outperform” rating on shares of Rio Tinto in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. set a GBX 4,850 ($63.37) price objective on Rio Tinto and gave the company a “buy” rating in a report on Thursday, September 20th.
In other news, insider Jean-Sébastien Jacques sold 7 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of GBX 3,632 ($47.46), for a total value of £254.24 ($332.21). Also, insider Jakob Stausholm sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of GBX 3,664 ($47.88), for a total value of £549,600 ($718,149.75). Insiders sold 26,258 shares of company stock worth $97,187,925 in the last 90 days.
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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