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.
COPYRIGHT VIOLATION NOTICE: “Goldman Sachs Group, Inc. (The) Analysts Give Rio Tinto plc (RIO) a GBX 3,000 Price Target” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/10/18/goldman-sachs-group-inc-the-analysts-give-rio-tinto-plc-rio-a-gbx-3000-price-target.html.
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.
Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.