Rio Tinto (LON:RIO) Given a GBX 5,670 Price Target by JPMorgan Chase & Co. Analysts

Rio Tinto (LON:RIO) has been given a GBX 5,670 ($74.09) price target by investment analysts at JPMorgan Chase & Co. in a report released on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 17.92% from the stock’s previous close.

RIO has been the subject of several other reports. UBS Group set a $13.00 price target on shares of Freeport-McMoRan and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Deutsche Bank set a $28.00 price target on shares of Colfax and gave the stock a “hold” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,280 ($29.79) price target on shares of Anglo American in a research note on Wednesday, May 8th. Goldman Sachs Group cut shares of Megaport from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Finally, HSBC decreased their price target on shares of Canada Goose from C$62.00 to C$55.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 4,500.58 ($58.81).

Shares of RIO stock opened at GBX 4,808.50 ($62.83) on Friday. The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60. The firm has a market cap of $61.04 billion and a P/E ratio of 6.11. The business’s 50 day moving average is GBX 4,721.59. Rio Tinto has a 52 week low of GBX 3,460.50 ($45.22) and a 52 week high of GBX 5,039 ($65.84).

In related news, insider Jean-Sébastien Jacques sold 8 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of GBX 4,596 ($60.05), for a total value of £367.68 ($480.44).

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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