Rio Tinto plc (RIO) Price Target Increased to GBX 2,400 by Analysts at Liberum Capital

Rio Tinto plc (RIO) Price Target Increased to GBX 2,400 by Analysts at Liberum Capital

Rio Tinto plc (LON:RIO) had its price target lifted by Liberum Capital from GBX 2,130 ($26.58) to GBX 2,400 ($29.95) in a research note issued to investors on Thursday. The brokerage currently has a sell rating on the stock.

RIO has been the topic of several other reports. J P Morgan Chase & Co restated an overweight rating and set a GBX 3,200 ($39.94) price target on shares of Rio Tinto plc in a research report on Tuesday, November 22nd. Citigroup Inc. set a GBX 2,600 ($32.45) price objective on Rio Tinto plc and gave the stock a neutral rating in a research report on Friday, September 30th. Barclays PLC reiterated an overweight rating and issued a GBX 3,200 ($39.94) price objective on shares of Rio Tinto plc in a research report on Wednesday, November 2nd. Jefferies Group LLC reiterated a buy rating and issued a GBX 3,100 ($38.69) price objective on shares of Rio Tinto plc in a research report on Monday, October 31st. Finally, Deutsche Bank AG reiterated a buy rating and issued a GBX 3,700 ($46.17) price objective on shares of Rio Tinto plc in a research report on Wednesday, December 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 3,296.43 ($41.14).

Shares of Rio Tinto plc (LON:RIO) traded up 0.96% during trading on Thursday, hitting GBX 3567.50. The stock had a trading volume of 3,838,021 shares. The stock’s market capitalization is GBX 64.17 billion. Rio Tinto plc has a 52 week low of GBX 1,589.00 and a 52 week high of GBX 3,685.00. The firm has a 50 day moving average price of GBX 3,249.04 and a 200-day moving average price of GBX 2,774.77.

In related news, insider Jean-Sébastien Jacques acquired 11 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were acquired at an average cost of GBX 3,451 ($43.07) per share, for a total transaction of £379.61 ($473.74).

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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