Rio Tinto plc (LON:RIO)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The) in a report released on Friday, July 14th. They currently have a GBX 2,900 ($38.25) price target on the stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential downside of 18.22% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. UBS AG set a GBX 3,750 ($49.47) price target on Rio Tinto plc and gave the company a “buy” rating in a report on Thursday, April 20th. Deutsche Bank AG lifted their price target on Rio Tinto plc from GBX 4,140 ($54.61) to GBX 4,200 ($55.40) and gave the company a “buy” rating in a report on Thursday, June 22nd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Rio Tinto plc in a report on Tuesday, June 27th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 4,000 ($52.76) price objective on shares of Rio Tinto plc in a research note on Wednesday, April 19th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 4,200 ($55.40) price objective on shares of Rio Tinto plc in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Rio Tinto plc has a consensus rating of “Buy” and an average target price of GBX 3,731.25 ($49.22).
Rio Tinto plc (RIO) opened at 3546.00 on Friday. Rio Tinto plc has a 12 month low of GBX 2,253.50 and a 12 month high of GBX 3,718.50. The firm’s market cap is GBX 63.69 billion. The company has a 50-day moving average price of GBX 3,305.60 and a 200 day moving average price of GBX 3,284.98.
TRADEMARK VIOLATION NOTICE: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/05/rio-tinto-plc-lonrio-earns-neutral-rating-from-goldman-sachs-group-inc-the-updated-updated.html.
In other Rio Tinto plc news, insider Jean-Sébastien Jacques acquired 11 shares of Rio Tinto plc stock in a transaction that occurred on Monday, July 17th. The stock was acquired at an average price of GBX 3,501 ($46.18) per share, with a total value of £385.11 ($507.99). Also, insider Christopher Lynch sold 7,582 shares of Rio Tinto plc stock in a transaction on Wednesday, May 31st. The shares were 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.
Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.
