The Jefferies Group Reaffirmed Buy Rating for Rio Tinto plc (RIO)

The Jefferies Group Reaffirmed Buy Rating for Rio Tinto plc (RIO)

Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research note issued to investors on Monday. They currently have a GBX 3,100 ($37.78) price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 9.48% from the stock’s previous close.

A number of other research analysts have also weighed in on RIO. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,800 ($34.13) target price on shares of Rio Tinto plc in a research note on Monday, July 4th. Independent Research GmbH set a GBX 2,600 ($31.69) target price on shares of Rio Tinto plc and gave the stock a “neutral” rating in a research note on Monday, July 4th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 1,925 ($23.46) target price on shares of Rio Tinto plc in a research note on Tuesday, July 12th. Citigroup Inc. set a GBX 2,500 ($30.47) target price on shares of Rio Tinto plc and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 1,490 ($18.16) target price on shares of Rio Tinto plc in a research note on Thursday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 2,665.56 ($32.49).

Rio Tinto plc (LON:RIO) opened at 2819.2737 on Monday. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 2,832.00. The company’s market cap is GBX 50.71 billion. The company has a 50-day moving average price of GBX 2,551.34 and a 200 day moving average price of GBX 2,313.39.

In other news, insider Jean-Sébastien Jacques purchased 14 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was purchased at an average cost of GBX 2,612 ($31.83) per share, with a total value of £365.68 ($445.68).

Related posts

Leave a Comment