Deutsche Bank reissued their hold rating on shares of Rio Tinto (LON:RIO) in a research note released on Tuesday. They currently have a GBX 4,300 ($56.19) target price on the stock.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group set a GBX 5,000 ($65.33) target price on Rio Tinto and gave the stock a buy rating in a research report on Friday, September 7th. JPMorgan Chase & Co. upgraded Rio Tinto from a neutral rating to an overweight rating and dropped their target price for the stock from GBX 4,950 ($64.68) to GBX 4,850 ($63.37) in a research report on Monday, September 10th. UBS Group reiterated a buy rating on shares of Rio Tinto in a research report on Thursday, September 6th. Citigroup reiterated a buy rating on shares of Rio Tinto in a research report on Friday, September 21st. Finally, Liberum Capital reiterated a sell rating on shares of Rio Tinto in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 4,196.47 ($54.83).
Shares of RIO stock opened at GBX 3,849.50 ($50.30) on Tuesday. Rio Tinto has a 52-week low of GBX 2,882.50 ($37.66) and a 52-week high of GBX 4,226.56 ($55.23).
In related news, insider Jean-Sébastien Jacques sold 7 shares of the company’s stock in a transaction that occurred on 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).
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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