Todays Report: Today, JPMorgan Chase & Co. Reiterates Overweight Rating for Rio Tinto plc (RIO)

Today, JPMorgan Chase & Co. Reiterates Overweight Rating for Rio Tinto plc (RIO)

Rio Tinto plc (LON:RIO)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a GBX 3,200 ($39.98) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 3.13% from the company’s previous close.

RIO has been the subject of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,400 ($42.48) price target on shares of Rio Tinto plc in a research report on Tuesday, October 4th. BNP Paribas reissued a “neutral” rating and set a GBX 2,000 ($24.99) price target on shares of Rio Tinto plc in a research report on Thursday, October 6th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 3,000 ($37.48) price target on shares of Rio Tinto plc in a research report on Wednesday, November 16th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,800 ($34.98) price target on shares of Rio Tinto plc in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG set a GBX 2,750 ($34.36) price target on Rio Tinto plc and gave the company a “neutral” rating in a research report on Friday, October 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. Rio Tinto plc currently has an average rating of “Hold” and an average price target of GBX 2,789.56 ($34.85).

Rio Tinto plc (LON:RIO) traded up 0.11% on Tuesday, hitting GBX 3103.00. The stock had a trading volume of 4,945,880 shares. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 3,217.00. The company’s 50 day moving average is GBX 2,825.88 and its 200 day moving average is GBX 2,410.00. The firm’s market cap is GBX 55.82 billion.

In related news, insider Jean-Sébastien Jacques acquired 14 shares of the business’s stock in a transaction dated Monday, October 17th. The stock was bought at an average price of GBX 2,612 ($32.63) per share, for a total transaction of £365.68 ($456.87).

Related posts

Leave a Comment