A number of other analysts also recently issued reports on the stock. UBS Group set a GBX 4,000 ($55.26) price target on shares of Rio Tinto and gave the stock a buy rating in a report on Wednesday, February 14th. Deutsche Bank set a GBX 4,600 ($63.55) price objective on shares of Rio Tinto and gave the company a buy rating in a report on Wednesday, February 14th. HSBC decreased their price objective on shares of Rio Tinto from GBX 4,300 ($59.41) to GBX 4,100 ($56.65) and set a hold rating on the stock in a report on Thursday, February 8th. Royal Bank of Canada set a GBX 4,200 ($58.03) price objective on shares of Rio Tinto and gave the company a neutral rating in a report on Wednesday, February 7th. Finally, Liberum Capital reaffirmed a sell rating and set a GBX 2,750 ($37.99) price objective on shares of Rio Tinto in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 4,127.63 ($57.03).
Shares of Rio Tinto (LON:RIO) opened at GBX 4,102 ($56.67) on Thursday. Rio Tinto has a twelve month low of GBX 2,882.50 ($39.82) and a twelve month high of GBX 4,226.56 ($58.39). The stock has a market cap of $73,400.00 and a price-to-earnings ratio of 1,185.55.
In other Rio Tinto news, insider Christopher Lynch bought 26,066 shares of Rio Tinto stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of GBX 3,490 ($48.22) per share, for a total transaction of £909,703.40 ($1,256,843.60).
About Rio Tinto
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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