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).