Goldman Sachs Group, Inc. (The) reissued their neutral rating on shares of Rio Tinto plc (LON:RIO) in a report released on Thursday, July 20th. The firm currently has a GBX 2,900 ($38.25) target price on the stock.
Other analysts have also recently issued research reports about the company. UBS AG set a GBX 3,750 ($49.47) target price on Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, April 20th. HSBC Holdings plc reissued a buy rating and set a GBX 4,000 ($52.76) price objective on shares of Rio Tinto plc in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a buy rating and set a GBX 3,800 ($50.13) price objective on shares of Rio Tinto plc in a research report on Tuesday, April 18th. S&P Global set a GBX 3,400 ($44.85) target price on Rio Tinto plc and gave the company a buy rating in a report on Thursday, April 20th. Finally, Deutsche Bank AG restated a buy rating and set a GBX 4,140 ($54.61) target price on shares of Rio Tinto plc in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 3,731.25 ($49.22).
Rio Tinto plc (RIO) traded up 1.71% during trading on Thursday, hitting GBX 3546.00. 3,698,394 shares of the stock traded hands. 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 12 month low of GBX 2,253.50 and a 12 month high of GBX 3,718.50. The company’s market cap is GBX 63.69 billion.
In other news, insider Christopher Lynch sold 7,582 shares of the firm’s stock in a transaction that occurred 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). Also, insider Jean-Sébastien Jacques bought 11 shares of the stock in a transaction dated Monday, July 17th. The shares were acquired at an average cost of GBX 3,501 ($46.18) per share, for a total transaction of £385.11 ($507.99).
About Rio Tinto plc
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.
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