Rio Tinto plc (LON:RIO) has been assigned a GBX 3,200 ($39.98) price objective by analysts at S&P Global Inc. in a research note issued on Friday. The brokerage currently has a “neutral” rating on the stock. S&P Global Inc.’s price objective points to a potential upside of 3.13% from the stock’s current price.
A number of other analysts also recently issued reports on RIO. Credit Suisse Group AG restated a “neutral” rating and set a GBX 2,300 ($28.74) price objective on shares of Rio Tinto plc in a report on Friday, July 29th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,160 ($39.48) price objective on shares of Rio Tinto plc in a report on Tuesday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Rio Tinto plc from GBX 3,000 ($37.48) to GBX 3,050 ($38.11) and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. Liberum Capital restated a “sell” rating and set a GBX 1,590 ($19.87) price objective on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Finally, Investec restated a “buy” rating on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 2,826.50 ($35.31).
Shares of Rio Tinto plc (LON:RIO) opened at 3120.00 on Friday. The stock’s 50 day moving average is GBX 2,825.88 and its 200-day moving average is GBX 2,410.00. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 3,217.00. The company’s market cap is GBX 56.12 billion.
In related news, insider Jean-Sébastien Jacques bought 14 shares of the stock in a transaction on Monday, October 17th. The shares were acquired at an average price of GBX 2,612 ($32.63) per share, for a total transaction of £365.68 ($456.87).