Today: Rio Tinto plc (RIO) Given New GBX 3,700 Price Target at Deutsche Bank AG

Today: Rio Tinto plc (RIO) Given New GBX 3,700 Price Target at Deutsche Bank AG

Rio Tinto plc (LON:RIO) had its price target lifted by Deutsche Bank AG from GBX 3,500 ($43.73) to GBX 3,700 ($46.23) in a research report released on Friday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on RIO. HSBC reissued a buy rating and issued a GBX 3,300 ($41.23) target price on shares of Rio Tinto plc in a research report on Friday. Societe Generale raised their target price on shares of Rio Tinto plc from GBX 2,900 ($36.23) to GBX 3,000 ($37.48) and gave the stock a hold rating in a research report on Friday. Macquarie raised their target price on shares of Rio Tinto plc from GBX 3,500 ($43.73) to GBX 3,700 ($46.23) and gave the stock an outperform rating in a research report on Monday, November 14th. Barclays PLC reissued an overweight rating on shares of Rio Tinto plc in a research report on Thursday, November 10th. Finally, Jefferies Group raised their target price on shares of Rio Tinto plc from GBX 3,100 ($38.73) to GBX 3,300 ($41.23) and gave the stock a buy rating in a research report on Thursday, November 10th. Two 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 stock. The company has a consensus rating of Buy and a consensus price target of GBX 2,881.56 ($36.00).

Shares of Rio Tinto plc (LON:RIO) opened at 3106.50 on Friday. The stock’s market capitalization is GBX 55.88 billion. The firm has a 50 day moving average of GBX 2,838.65 and a 200-day moving average of GBX 2,414.85. Rio Tinto plc has a 12 month low of GBX 1,557.00 and a 12 month high of GBX 3,217.00.

In related news, insider Jean-Sébastien Jacques acquired 14 shares of the business’s stock in a transaction on Monday, October 17th. The shares were purchased 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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