Shares of Rio Tinto plc (LON:RIO) have been assigned a consensus rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,605.07 ($60.17).
A number of brokerages recently commented on RIO. BNP Paribas lowered Rio Tinto to an “underperform” rating and raised their price target for the stock from GBX 4,300 ($56.19) to GBX 4,500 ($58.80) in a research note on Thursday, April 11th. Barclays reiterated a “sell” rating and issued a $5.00 price objective on shares of Deutsche Bank in a report on Wednesday. Goldman Sachs Group downgraded Micro Focus International from a “neutral” rating to a “sell” rating in a report on Tuesday, July 16th. Morgan Stanley set a $70.00 price objective on Edison International and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, Societe Generale upgraded Anglo American to a “buy” rating in a report on Thursday, May 23rd.
In other news, insider Jean-Sébastien Jacques sold 8 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of GBX 4,596 ($60.05), for a total transaction of £367.68 ($480.44).
About Rio Tinto
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.
Featured Story: How the Consumer Price Index (CPI) is calculated?
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.