Rio Tinto plc (RIO) Earns “Outperform” Rating from Credit Suisse Group, Report finds

Rio Tinto plc (RIO) Earns “Outperform” Rating from Credit Suisse Group, Report finds

Credit Suisse Group restated their outperform rating on shares of Rio Tinto plc (LON:RIO) in a report issued on Friday. They currently have a GBX 3,600 ($44.84) price target on the stock.

Other equities research analysts have also recently issued reports about the company. Liberum Capital lifted their price objective on Rio Tinto plc from GBX 2,130 ($26.53) to GBX 2,400 ($29.90) and gave the company a sell rating in a research note on Thursday, January 26th. Barclays PLC reaffirmed an overweight rating and issued a GBX 4,490 ($55.93) price objective on shares of Rio Tinto plc in a research note on Thursday, January 26th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 4,000 ($49.83) price objective on shares of Rio Tinto plc in a research note on Wednesday, January 25th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 3,770 ($46.96) price objective on shares of Rio Tinto plc in a research note on Wednesday, January 25th. Finally, BNP Paribas reaffirmed a neutral rating and issued a GBX 3,400 ($42.35) price objective on shares of Rio Tinto plc in a research note on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Rio Tinto plc has a consensus rating of Buy and a consensus price target of GBX 3,318.17 ($41.33).

Rio Tinto plc (LON:RIO) opened at 3377.50 on Friday. The company has a 50-day moving average price of GBX 3,258.39 and a 200-day moving average price of GBX 2,780.23. The stock’s market capitalization is GBX 60.75 billion. Rio Tinto plc has a 12-month low of GBX 1,604.50 and a 12-month high of GBX 3,685.00.

The firm also recently announced a dividend, which will be paid on Thursday, April 6th. Stockholders of record on Thursday, February 23rd will be paid a dividend of GBX 100.56 ($1.25) per share. The ex-dividend date of this dividend is Thursday, February 23rd. This is an increase from Rio Tinto plc’s previous dividend of $33.80. This represents a dividend yield of 2.98%.

In other Rio Tinto plc news, insider Jean-Sébastien Jacques bought 8,259 shares of the stock in a transaction dated Monday, December 5th. The stock was bought at an average cost of GBX 3,036 ($37.82) per share, for a total transaction of £250,743.24 ($312,335.87).

Rio Tinto plc Company Profile

Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

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Rio Tinto plc (RIO) Earns “Outperform” Rating from Credit Suisse Group

Rio Tinto plc (RIO) Earns “Outperform” Rating from Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of Rio Tinto plc (LON:RIO) in a report issued on Friday. They currently have a GBX 3,600 ($44.84) price target on the stock.

Other equities research analysts have also recently issued reports about the company. Liberum Capital lifted their price objective on Rio Tinto plc from GBX 2,130 ($26.53) to GBX 2,400 ($29.90) and gave the company a sell rating in a research note on Thursday, January 26th. Barclays PLC reaffirmed an overweight rating and issued a GBX 4,490 ($55.93) price objective on shares of Rio Tinto plc in a research note on Thursday, January 26th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 4,000 ($49.83) price objective on shares of Rio Tinto plc in a research note on Wednesday, January 25th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 3,770 ($46.96) price objective on shares of Rio Tinto plc in a research note on Wednesday, January 25th. Finally, BNP Paribas reaffirmed a neutral rating and issued a GBX 3,400 ($42.35) price objective on shares of Rio Tinto plc in a research note on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Rio Tinto plc has a consensus rating of Buy and a consensus price target of GBX 3,318.17 ($41.33).

Rio Tinto plc (LON:RIO) opened at 3377.50 on Friday. The company has a 50-day moving average price of GBX 3,258.39 and a 200-day moving average price of GBX 2,780.23. The stock’s market capitalization is GBX 60.75 billion. Rio Tinto plc has a 12-month low of GBX 1,604.50 and a 12-month high of GBX 3,685.00.

The firm also recently announced a dividend, which will be paid on Thursday, April 6th. Stockholders of record on Thursday, February 23rd will be paid a dividend of GBX 100.56 ($1.25) per share. The ex-dividend date of this dividend is Thursday, February 23rd. This is an increase from Rio Tinto plc’s previous dividend of $33.80. This represents a dividend yield of 2.98%.

In other Rio Tinto plc news, insider Jean-Sébastien Jacques bought 8,259 shares of the stock in a transaction dated Monday, December 5th. The stock was bought at an average cost of GBX 3,036 ($37.82) per share, for a total transaction of £250,743.24 ($312,335.87).

Rio Tinto plc Company Profile

Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

Related posts

Leave a Comment