Recent Research Analysts’ Ratings Updates for Rio Tinto (RIO)

Rio Tinto (LON: RIO) has recently received a number of price target changes and ratings updates:

  • 6/12/2018 – Rio Tinto had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a GBX 3,900 ($51.92) price target on the stock.
  • 6/11/2018 – Rio Tinto was downgraded by analysts at Deutsche Bank AG to a “hold” rating. They now have a GBX 4,700 ($62.57) price target on the stock.
  • 6/8/2018 – Rio Tinto had its price target raised by analysts at JPMorgan Chase & Co. from GBX 4,200 ($55.92) to GBX 5,000 ($66.57). They now have a “neutral” rating on the stock.
  • 6/8/2018 – Rio Tinto had its “buy” rating reaffirmed by analysts at Citigroup Inc.
  • 6/7/2018 – Rio Tinto was given a new GBX 4,300 ($57.25) price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 6/6/2018 – Rio Tinto was given a new GBX 4,000 ($53.26) price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 6/5/2018 – Rio Tinto was upgraded by analysts at AlphaValue to an “add” rating.
  • 5/24/2018 – Rio Tinto was given a new GBX 4,700 ($62.57) price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 5/23/2018 – Rio Tinto was given a new GBX 3,800 ($50.59) price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 5/17/2018 – Rio Tinto had its “neutral” rating reaffirmed by analysts at BNP Paribas.
  • 5/7/2018 – Rio Tinto was given a new GBX 3,750 ($49.93) price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 5/4/2018 – Rio Tinto was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a GBX 4,400 ($58.58) price target on the stock.
  • 5/1/2018 – Rio Tinto was given a new GBX 4,300 ($57.25) price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 4/19/2018 – Rio Tinto was given a new GBX 4,000 ($53.26) price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 4/18/2018 – Rio Tinto was given a new GBX 4,300 ($57.25) price target on by analysts at JPMorgan Chase & Co.. They now have a “neutral” rating on the stock.
  • 4/18/2018 – Rio Tinto was given a new GBX 4,200 ($55.92) price target on by analysts at Cfra. They now have a “buy” rating on the stock.
  • 4/18/2018 – Rio Tinto had its price target raised by analysts at Deutsche Bank AG from GBX 4,600 ($61.24) to GBX 4,700 ($62.57). They now have a “buy” rating on the stock.
  • 4/18/2018 – Rio Tinto was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating. They now have a GBX 4,450 ($59.25) price target on the stock, up previously from GBX 4,200 ($55.92).
  • 4/18/2018 – Rio Tinto had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a GBX 4,200 ($55.92) price target on the stock.
  • 4/17/2018 – Rio Tinto was given a new GBX 3,750 ($49.93) price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.

Shares of LON:RIO traded up GBX 5 ($0.07) on Thursday, reaching GBX 4,402 ($58.61). 3,104,918 shares of the company traded hands, compared to its average volume of 4,860,000. Rio Tinto plc has a fifty-two week low of GBX 2,882.50 ($38.38) and a fifty-two week high of GBX 4,226.56 ($56.27).

In other news, insider Jean-Sébastien Jacques sold 4,759 shares of the stock in a transaction on Thursday, May 31st. The stock was 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 acquired 500 shares of the business’s stock in a transaction dated Tuesday, April 10th. The shares were bought at an average price of GBX 3,713 ($49.43) per share, with a total value of £18,565 ($24,717.08).

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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