A number of other equities analysts have also commented on RIO. UBS Group reiterated a buy rating and set a GBX 4,700 ($61.41) price target on shares of Rio Tinto in a report on Thursday, August 2nd. Deutsche Bank reiterated a hold rating and set a GBX 4,300 ($56.19) price target on shares of Rio Tinto in a report on Tuesday. JPMorgan Chase & Co. set a GBX 5,150 ($67.29) price target on shares of Rio Tinto and gave the stock a neutral rating in a report on Tuesday, July 17th. Goldman Sachs Group set a GBX 3,950 ($51.61) price target on shares of Rio Tinto and gave the stock a neutral rating in a report on Wednesday, July 18th. Finally, Credit Suisse Group set a GBX 5,000 ($65.33) price target on shares of Rio Tinto and gave the stock a buy rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Rio Tinto presently has an average rating of Hold and an average price target of GBX 4,196.47 ($54.83).
Shares of LON:RIO traded down GBX 130 ($1.70) during mid-day trading on Wednesday, reaching GBX 3,849.50 ($50.30). 4,515,931 shares of the company’s stock were exchanged, compared to its average volume of 4,860,000. Rio Tinto has a twelve month low of GBX 2,882.50 ($37.66) and a twelve month high of GBX 4,226.56 ($55.23).
In related news, insider Jean-Sébastien Jacques sold 7 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of GBX 3,632 ($47.46), for a total value of £254.24 ($332.21).
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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