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%.