Several other equities analysts also recently commented on RIO. Morgan Stanley set a GBX 3,430 ($48.09) target price on Rio Tinto and gave the stock a neutral rating in a research report on Monday, September 25th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 4,100 ($57.49) target price on shares of Rio Tinto in a research report on Sunday, October 1st. Jefferies Group restated a buy rating and set a GBX 4,200 ($58.89) target price on shares of Rio Tinto in a research report on Thursday, September 21st. raised their price target on Rio Tinto from GBX 3,900 ($54.68) to GBX 4,000 ($56.09) and gave the company a buy rating in a report on Wednesday, October 18th. Finally, UBS Group set a GBX 3,750 ($52.58) price target on Rio Tinto and gave the company a buy rating in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 4,138.16 ($58.02).
Rio Tinto (LON:RIO) traded up GBX 31.50 ($0.44) during trading on Wednesday, hitting GBX 3,788.50 ($53.12). The company had a trading volume of 5,570,000 shares, compared to its average volume of 3,730,000. The company has a market cap of $68,440.00 and a P/E ratio of 1,082.43. Rio Tinto has a 1-year low of GBX 2,882.50 ($40.42) and a 1-year high of GBX 4,226.56 ($59.26).
About Rio Tinto
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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