Liberum Capital reissued their sell rating on shares of Rio Tinto plc (LON:RIO) in a report published on Wednesday, May 10th. Liberum Capital currently has a GBX 2,400 ($30.98) target price on the stock.
RIO has been the subject of several other research reports. Jefferies Group LLC reissued a buy rating on shares of Rio Tinto plc in a report on Wednesday, March 29th. Royal Bank of Canada boosted their price target on shares of Rio Tinto plc from GBX 4,000 ($51.63) to GBX 4,400 ($56.80) and gave the stock an outperform rating in a report on Wednesday, March 15th. Barclays PLC reissued an overweight rating and issued a GBX 4,300 ($55.51) price target on shares of Rio Tinto plc in a report on Wednesday, May 3rd. Citigroup Inc reaffirmed a neutral rating and set a GBX 3,500 ($45.18) target price on shares of Rio Tinto plc in a research note on Tuesday, January 17th. Finally, HSBC Holdings plc reaffirmed a buy rating and set a GBX 4,000 ($51.63) target price on shares of Rio Tinto plc in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 3,556.81 ($45.91).
Rio Tinto plc (LON:RIO) opened at 3167.50 on Wednesday. The company’s market capitalization is GBX 56.99 billion. The firm has a 50-day moving average of GBX 3,098.71 and a 200 day moving average of GBX 3,212.99. Rio Tinto plc has a one year low of GBX 1,853.00 and a one year high of GBX 3,718.50.
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In related news, insider Jean-Sébastien Jacques sold 12 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of GBX 3,031 ($39.12), for a total transaction of £363.72 ($469.50). Over the last ninety days, insiders have sold 3,342 shares of company stock valued at $12,081,377.
Rio Tinto plc Company Profile
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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