Rio Tinto plc (LON:RIO) had its price objective hoisted by Societe Generale from GBX 2,900 ($36.23) to GBX 3,000 ($37.48) in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Societe Generale’s target price indicates a potential downside of 3.32% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 3,200 ($39.98) price target on shares of Rio Tinto plc in a research report on Tuesday. Macquarie reiterated an “outperform” rating and issued a GBX 3,700 ($46.23) price target on shares of Rio Tinto plc in a research report on Sunday, November 20th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 3,000 ($37.48) price target on shares of Rio Tinto plc in a research report on Wednesday, November 16th. Deutsche Bank AG increased their price target on Rio Tinto plc from GBX 3,245 ($40.54) to GBX 3,250 ($40.60) and gave the company a “buy” rating in a research report on Monday, November 14th. Finally, HSBC assumed coverage on Rio Tinto plc in a research report on Thursday, November 10th. They issued a “buy” rating and a GBX 3,300 ($41.23) price target for the company. Three investment 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’s stock. Rio Tinto plc currently has a consensus rating of “Hold” and a consensus price target of GBX 2,843.81 ($35.53).
Rio Tinto plc (LON:RIO) traded down 0.133% during mid-day trading on Friday, reaching GBX 3098.875. 2,296,957 shares of the company were exchanged. Rio Tinto plc has a 12 month low of GBX 1,557.00 and a 12 month high of GBX 3,217.00. The company’s market cap is GBX 55.74 billion. The stock’s 50-day moving average is GBX 2,825.88 and its 200-day moving average is GBX 2,410.00.
In other news, insider Jean-Sébastien Jacques bought 14 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was bought at an average price of GBX 2,612 ($32.63) per share, for a total transaction of £365.68 ($456.87).