Today, Rio Tinto plc (RIO) Price Target Increased to GBX 3,700 by Analysts at Deutsche Bank AG

Today, Rio Tinto plc (RIO) Price Target Increased to GBX 3,700 by Analysts at Deutsche Bank AG
Rio Tinto plc (LON:RIO) had its target price hoisted by investment analysts at Deutsche Bank AG from GBX 3,500 ($43.73) to GBX 3,700 ($46.23) in a report issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 19.24% from the company’s current price.

Several other brokerages also recently issued reports on RIO. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,400 ($42.48) price objective on shares of Rio Tinto plc in a research note on Tuesday, October 4th. BNP Paribas restated a “neutral” rating and issued a GBX 2,000 ($24.99) price objective on shares of Rio Tinto plc in a research note on Thursday, October 6th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 3,000 ($37.48) target price on shares of Rio Tinto plc in a research report on Wednesday, November 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 2,800 ($34.98) target price 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) target price on Rio Tinto plc and gave the stock a “neutral” rating in a research report on Friday, October 14th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. Rio Tinto plc has an average rating of “Hold” and a consensus target price of GBX 2,843.81 ($35.53).

Rio Tinto plc (LON:RIO) opened at 3118.00 on Friday. The company’s market cap is GBX 56.09 billion. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 3,217.00. The stock’s 50 day moving average is GBX 2,825.88 and its 200 day moving average is GBX 2,410.00.

In related news, insider Jean-Sébastien Jacques acquired 14 shares of the company’s stock in a transaction dated 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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