Rio Tinto plc (RIO) Given a GBX 4,000 Price Target at Jefferies Group LLC

Jefferies Group LLC set a GBX 4,000 ($52.76) price objective on Rio Tinto plc (LON:RIO) in a report issued on Friday, July 14th. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. HSBC Holdings plc restated a buy rating and set a GBX 4,000 ($52.76) price objective on shares of Rio Tinto plc in a report on Wednesday, April 19th. Deutsche Bank AG upped their price objective on Rio Tinto plc from GBX 4,100 ($54.08) to GBX 4,140 ($54.61) and gave the stock a buy rating in a report on Friday, March 17th. S&P Global set a GBX 3,400 ($44.85) price objective on Rio Tinto plc and gave the stock a buy rating in a report on Thursday, April 20th. UBS AG set a GBX 3,750 ($49.47) price objective on Rio Tinto plc and gave the stock a buy rating in a report on Thursday, April 20th. Finally, Royal Bank Of Canada set a GBX 4,400 ($58.04) price objective on Rio Tinto plc and gave the stock a buy rating in a report on Saturday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 3,731.25 ($49.22).

Rio Tinto plc (LON RIO) traded up 1.71% on Friday, hitting GBX 3546.00. The stock had a trading volume of 3,698,394 shares. The company’s 50-day moving average price is GBX 3,305.60 and its 200 day moving average price is GBX 3,284.98. Rio Tinto plc has a one year low of GBX 2,253.50 and a one year high of GBX 3,718.50. The firm’s market cap is GBX 63.69 billion.

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In other Rio Tinto plc news, insider Jean-Sébastien Jacques acquired 11 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were purchased at an average price of GBX 3,501 ($46.18) per share, for a total transaction of £385.11 ($507.99). Also, insider Christopher Lynch sold 7,582 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of GBX 3,108 ($41.00), for a total transaction of £235,648.56 ($310,841.00).

Rio Tinto plc Company Profile

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.