Today, Rio Tinto plc (RIO) Given a GBX 3,650 Price Target by JPMorgan Chase & Co. Analysts

Today, Rio Tinto plc (RIO) Given a GBX 3,650 Price Target by JPMorgan Chase & Co. Analysts
Rio Tinto plc (LON:RIO) has been given a GBX 3,650 ($45.60) price target by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 17.63% from the stock’s previous close.

RIO has been the subject of several other research reports. Credit Suisse Group AG increased their price target on Rio Tinto plc from GBX 2,100 ($26.24) to GBX 2,300 ($28.74) and gave the company a “neutral” rating in a research note on Monday, September 19th. Macquarie reissued an “outperform” rating and issued a GBX 3,500 ($43.73) price target on shares of Rio Tinto plc in a research note on Friday, October 28th. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($32.48) price target on shares of Rio Tinto plc in a research note on Thursday, August 4th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 3,230 ($40.35) price target on shares of Rio Tinto plc in a research note on Monday, August 8th. Finally, Jefferies Group increased their price target on Rio Tinto plc from GBX 2,600 ($32.48) to GBX 2,800 ($34.98) and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Rio Tinto plc has an average rating of “Hold” and a consensus price target of GBX 2,843.81 ($35.53).

Rio Tinto plc (LON:RIO) opened at 3106.50 on Friday. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 3,217.00. The firm’s market cap is GBX 55.88 billion. The firm’s 50 day moving average price is GBX 2,825.88 and its 200 day moving average price is GBX 2,410.00.

In other Rio Tinto plc news, insider Jean-Sébastien Jacques purchased 14 shares of Rio Tinto plc stock in a transaction that occurred on Monday, October 17th. The shares were bought at an average price of GBX 2,612 ($32.63) per share, for a total transaction of £365.68 ($456.87).

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