Rio Tinto PLC (RIO) Given a $55.00 Price Target at Jefferies Group LLC

Jefferies Group LLC set a $55.00 price objective on Rio Tinto PLC (NYSE:RIO) in a research report sent to investors on Thursday. The brokerage currently has a buy rating on the mining company’s stock.

Several other research firms also recently commented on RIO. ValuEngine upgraded Rio Tinto PLC from a buy rating to a strong-buy rating in a report on Thursday, July 6th. Axiom Securities restated a sell rating on shares of Rio Tinto PLC in a report on Thursday, July 13th. BidaskClub downgraded Rio Tinto PLC from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Clarkson Capital restated a buy rating on shares of Rio Tinto PLC in a report on Wednesday, August 2nd. Finally, Canaccord Genuity downgraded Rio Tinto PLC from a buy rating to a hold rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Rio Tinto PLC has an average rating of Buy and a consensus target price of $50.50.

Rio Tinto PLC (RIO) opened at 49.08 on Thursday. The firm’s 50-day moving average price is $47.94 and its 200-day moving average price is $43.33. Rio Tinto PLC has a 52-week low of $31.24 and a 52-week high of $49.89. The firm has a market cap of $88.00 billion, a P/E ratio of 14.31 and a beta of 0.96.

ILLEGAL ACTIVITY NOTICE: “Rio Tinto PLC (RIO) Given a $55.00 Price Target at Jefferies Group LLC” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/09/rio-tinto-plc-rio-given-a-55-00-price-target-at-jefferies-group-llc.html.

The company also recently declared a None dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, August 11th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 9th.

Several hedge funds and other institutional investors have recently modified their holdings of RIO. Knowledge Leaders Capital LLC lifted its position in shares of Rio Tinto PLC by 126.0% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock valued at $101,000 after buying an additional 1,334 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Rio Tinto PLC by 13.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after purchasing an additional 299 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Rio Tinto PLC during the 1st quarter worth about $111,000. Hudock Capital Group LLC lifted its holdings in Rio Tinto PLC by 125.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock worth $118,000 after purchasing an additional 1,555 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Rio Tinto PLC by 212.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock worth $135,000

Several other research firms also recently commented on RIO. ValuEngine upgraded Rio Tinto PLC from a buy rating to a strong-buy rating in a report on Thursday, July 6th. Axiom Securities restated a sell rating on shares of Rio Tinto PLC in a report on Thursday, July 13th. BidaskClub downgraded Rio Tinto PLC from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Clarkson Capital restated a buy rating on shares of Rio Tinto PLC in a report on Wednesday, August 2nd. Finally, Canaccord Genuity downgraded Rio Tinto PLC from a buy rating to a hold rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Rio Tinto PLC has an average rating of Buy and a consensus target price of $50.50.

Rio Tinto PLC (RIO) opened at 49.08 on Thursday. The firm’s 50-day moving average price is $47.94 and its 200-day moving average price is $43.33. Rio Tinto PLC has a 52-week low of $31.24 and a 52-week high of $49.89. The firm has a market cap of $88.00 billion, a P/E ratio of 14.31 and a beta of 0.96.

ILLEGAL ACTIVITY NOTICE: “Rio Tinto PLC (RIO) Given a $55.00 Price Target at Jefferies Group LLC” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/09/rio-tinto-plc-rio-given-a-55-00-price-target-at-jefferies-group-llc.html.

The company also recently declared a None dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, August 11th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 9th.

Several hedge funds and other institutional investors have recently modified their holdings of RIO. Knowledge Leaders Capital LLC lifted its position in shares of Rio Tinto PLC by 126.0% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock valued at $101,000 after buying an additional 1,334 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Rio Tinto PLC by 13.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after purchasing an additional 299 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Rio Tinto PLC during the 1st quarter worth about $111,000. Hudock Capital Group LLC lifted its holdings in Rio Tinto PLC by 125.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock worth $118,000 after purchasing an additional 1,555 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Rio Tinto PLC by 212.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock worth $135,000 after purchasing an additional 2,166 shares in the last quarter. 6.87% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

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