Trading Report: The Rio Tinto plc (RIO) Given New GBX 3,100 Price Target at Jefferies Group

The Rio Tinto plc (RIO) Given New GBX 3,100 Price Target at Jefferies Group

Rio Tinto plc (LON:RIO) had its price target hoisted by Jefferies Group from GBX 2,800 ($34.65) to GBX 3,100 ($38.37) in a report published on Friday. They currently have a buy rating on the stock.

A number of other analysts also recently commented on the company. Liberum Capital decreased their price target on Rio Tinto plc from GBX 1,590 ($19.68) to GBX 1,485 ($18.38) and set a sell rating for the company in a research report on Thursday. Citigroup Inc. downgraded Rio Tinto plc to a sell rating and decreased their price target for the company from GBX 2,600 ($32.18) to GBX 2,450 ($30.32) in a research report on Thursday. BNP Paribas reissued a neutral rating and set a GBX 2,000 ($24.75) price objective on shares of Rio Tinto plc in a report on Thursday, October 6th. Deutsche Bank AG increased their price objective on Rio Tinto plc from GBX 3,230 ($39.98) to GBX 3,245 ($40.16) and gave the company a buy rating in a report on Wednesday, October 5th. Finally, Royal Bank Of Canada reissued an outperform rating and set a GBX 3,400 ($42.08) price objective on shares of Rio Tinto plc in a report on Tuesday, October 4th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 2,625.96 ($32.50).

Rio Tinto plc (LON:RIO) traded down 0.13% during trading on Friday, hitting GBX 2592.50. The stock had a trading volume of 2,981,008 shares. The stock’s market capitalization is GBX 46.63 billion. The company has a 50-day moving average of GBX 2,458.92 and a 200-day moving average of GBX 2,261.04. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 2,800.00.

The company also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were given a dividend of GBX 33.80 ($0.42) per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.39%.

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