Rio Tinto (LON:RIO)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research report issued on Friday.

A number of other equities analysts have also weighed in on the stock. Credit Suisse Group set a GBX 4,300 ($57.25) target price on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Thursday. UBS Group set a GBX 4,000 ($53.26) target price on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Wednesday. BNP Paribas restated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, May 17th. Macquarie set a GBX 4,700 ($62.57) target price on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Thursday, May 24th. Finally, Morgan Stanley set a GBX 3,900 ($51.92) target price on shares of Rio Tinto and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 4,168.75 ($55.50).

Rio Tinto opened at GBX 4,402 ($58.61) on Friday, according to MarketBeat. Rio Tinto has a 1-year low of GBX 2,882.50 ($38.38) and a 1-year high of GBX 4,226.56 ($56.27).

In related news, insider Jean-Sébastien Jacques sold 4,759 shares of the company’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of GBX 4,247 ($56.54), for a total transaction of £202,114.73 ($269,091.64). Also, insider Simon Henry purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were acquired at an average cost of GBX 3,713 ($49.43) per share, for a total transaction of £18,565 ($24,717.08).

Rio Tinto Company Profile

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.

Analyst Recommendations for Rio Tinto (LON:RIO)

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