Rio Tinto (LON:RIO)‘s stock had its “neutral” rating reaffirmed by investment analysts at BNP Paribas in a research note issued on Thursday.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group restated an “outperform” rating and set a GBX 4,300 ($58.33) price objective on shares of Rio Tinto in a research note on Tuesday, February 27th. Macquarie set a GBX 4,900 ($66.47) price objective on Rio Tinto and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Morgan Stanley set a GBX 3,900 ($52.90) price objective on Rio Tinto and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Liberum Capital restated a “sell” rating and set a GBX 2,750 ($37.30) price objective on shares of Rio Tinto in a research note on Monday, April 9th. Finally, Royal Bank of Canada set a GBX 4,200 ($56.97) price objective on Rio Tinto and gave the stock a “neutral” rating in a research note on Monday, March 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 4,166.25 ($56.51).
RIO stock opened at GBX 4,340 ($58.87) on Thursday. Rio Tinto has a twelve month low of GBX 2,882.50 ($39.10) and a twelve month high of GBX 4,226.56 ($57.33).
In related news, insider Simon Henry bought 500 shares of the business’s stock in a transaction on Tuesday, April 10th. The shares were bought at an average cost of GBX 3,713 ($50.37) per share, for a total transaction of £18,565 ($25,183.13). Also, insider Christopher Lynch sold 9,505 shares of the firm’s stock in a transaction on Monday, February 19th. The shares were sold at an average price of GBX 4,072 ($55.24), for a total value of £387,043.60 ($525,018.45).
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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