Trade Report: The Rio Tinto plc’s (RIO) Overweight Rating Reiterate at Barclays PLC

The Rio Tinto plc’s (RIO) Overweight Rating Reiterate at Barclays PLC

Rio Tinto plc (LON:RIO)‘s stock had its “overweight” rating reissued by research analysts at Barclays PLC in a report issued on Wednesday. They currently have a GBX 3,200 ($39.98) target price on the stock. Barclays PLC’s target price suggests a potential upside of 2.79% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Liberum Capital reissued a “sell” rating and set a GBX 1,590 ($19.87) price target on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Investec raised their price objective on shares of Rio Tinto plc from GBX 2,497 ($31.20) to GBX 2,948 ($36.83) and gave the company a “buy” rating in a research report on Tuesday, July 19th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,660 ($33.23) price objective on shares of Rio Tinto plc in a research report on Tuesday, July 19th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 1,925 ($24.05) price objective on shares of Rio Tinto plc in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($39.98) price objective on shares of Rio Tinto plc and gave the company a “buy” rating in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 2,869.56 ($35.85).

Rio Tinto plc (LON:RIO) traded up 0.322% during midday trading on Wednesday, hitting GBX 3112.248. The stock had a trading volume of 3,737,322 shares. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 3,217.00. The firm’s market cap is GBX 55.98 billion. The stock has a 50-day moving average price of GBX 2,838.65 and a 200 day moving average price of GBX 2,414.85.

In other 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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