Goldman Sachs Group, Inc. (The) Analysts Give Rio Tinto plc (RIO) a GBX 3,000 Price Target

Rio Tinto plc (LON:RIO) has been given a GBX 3,000 ($39.86) price target by research analysts at Goldman Sachs Group, Inc. (The) in a report released on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential downside of 19.13% from the company’s previous close.

Several other equities research analysts also recently issued reports on RIO. UBS AG set a GBX 3,700 ($49.16) price target on Rio Tinto plc and gave the company a “buy” rating in a report on Thursday, July 6th. Macquarie reiterated an “outperform” rating and set a GBX 4,400 ($58.46) price objective on shares of Rio Tinto plc in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a GBX 4,200 ($55.81) price objective on shares of Rio Tinto plc in a research report on Wednesday. HSBC Holdings plc increased their price objective on Rio Tinto plc from GBX 3,900 ($51.82) to GBX 4,000 ($53.15) and gave the stock a “buy” rating in a research report on Wednesday. Finally, J P Morgan Chase & Co set a GBX 4,000 ($53.15) price objective on Rio Tinto plc and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 3,842.25 ($51.05).

Shares of Rio Tinto plc (LON:RIO) opened at 3648.50 on Wednesday. The company’s market cap is GBX 65.41 billion. The firm has a 50-day moving average of GBX 3,597.01 and a 200 day moving average of GBX 3,338.10. Rio Tinto plc has a one year low of GBX 2,581.50 and a one year high of GBX 3,784.50.

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In other Rio Tinto plc news, insider W Sam H. Laidlaw bought 7,500 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of GBX 3,420 ($45.44) per share, for a total transaction of £256,500 ($340,818.50).

About Rio Tinto plc

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.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

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