Rio Tinto plc (LON:RIO) has been given a GBX 3,200 ($39.70) target price by stock analysts at S&P Global Inc. in a research note issued on Friday. The brokerage currently has a “neutral” rating on the stock. S&P Global Inc.’s target price would indicate a potential upside of 2.66% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,400 ($42.18) price target on shares of Rio Tinto plc in a research note on Tuesday, October 4th. BNP Paribas restated a “neutral” rating and issued a GBX 2,000 ($24.81) price target on shares of Rio Tinto plc in a research note on Thursday, October 6th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 3,000 ($37.22) price target on shares of Rio Tinto plc in a research note on Wednesday, November 16th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,800 ($34.74) price target on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG set a GBX 2,750 ($34.11) price target on Rio Tinto plc and gave the stock a “neutral” rating in a research note on Friday, October 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,881.56 ($35.75).
Shares of Rio Tinto plc (LON:RIO) opened at 3075.00 on Friday. The company’s market capitalization is GBX 55.31 billion. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 3,217.00. The firm has a 50 day moving average price of GBX 2,857.61 and a 200 day moving average price of GBX 2,428.37.
In other news, insider Jean-Sébastien Jacques acquired 14 shares of the business’s stock in a transaction dated Monday, October 17th. The stock was purchased at an average price of GBX 2,612 ($32.40) per share, for a total transaction of £365.68 ($453.64).