Today, S&P Global Inc. Analysts Give Rio Tinto plc (RIO) a GBX 3,200 Price Target

Today, S&P Global Inc. Analysts Give Rio Tinto plc (RIO) a GBX 3,200 Price Target

Rio Tinto plc (LON:RIO) has been assigned a GBX 3,200 ($39.98) price objective by research analysts at S&P Global Inc. in a report issued on Friday. The firm presently has a “neutral” rating on the stock. S&P Global Inc.’s price target points to a potential upside of 3.13% from the company’s previous close.

RIO has been the topic of a number of other research reports. Credit Suisse Group AG increased their price objective on shares of Rio Tinto plc from GBX 2,100 ($26.24) to GBX 2,300 ($28.74) and gave the stock a “neutral” rating in a research note on Monday, September 19th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 3,200 ($39.98) price objective on shares of Rio Tinto plc in a research note on Wednesday, October 26th. Macquarie reiterated an “outperform” rating and issued a GBX 3,500 ($43.73) price objective on shares of Rio Tinto plc in a research note on Friday, October 28th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($32.48) price objective on shares of Rio Tinto plc in a research note on Thursday, August 4th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 3,230 ($40.35) price objective on shares of Rio Tinto plc in a research note on Monday, August 8th. Three research 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 target price of GBX 2,826.50 ($35.31).

Shares of Rio Tinto plc (LON:RIO) opened at 3106.00 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 stock’s market cap is GBX 55.87 billion. The firm has a 50-day moving average of GBX 2,825.88 and a 200 day moving average of GBX 2,410.00.

In related news, insider Jean-Sébastien Jacques acquired 14 shares of Rio Tinto plc stock in a transaction dated Monday, October 17th. The stock was acquired 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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