Credit Suisse Group reissued their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research note published on Wednesday morning, MarketBeat.com reports. They currently have a GBX 4,300 ($56.56) target price on the stock.
A number of other analysts also recently issued reports on RIO. S&P Global set a GBX 3,800 ($49.98) price objective on shares of Rio Tinto plc and gave the company a buy rating in a report on Tuesday, July 18th. Morgan Stanley boosted their price objective on shares of Rio Tinto plc from GBX 3,260 ($42.88) to GBX 3,430 ($45.11) and gave the company an equal weight rating in a report on Tuesday, July 18th. Canaccord Genuity reaffirmed a buy rating and set a GBX 4,525 ($59.52) price target on shares of Rio Tinto plc in a report on Tuesday, July 18th. Macquarie reaffirmed an outperform rating and set a GBX 4,000 ($52.61) price target on shares of Rio Tinto plc in a report on Wednesday, July 19th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a GBX 4,200 ($55.24) price target on shares of Rio Tinto plc in a report on Wednesday, July 19th. 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. The company currently has an average rating of Buy and a consensus price target of GBX 3,907.25 ($51.39).
Shares of Rio Tinto plc (LON:RIO) opened at GBX 3,546 ($46.64) on Wednesday. Rio Tinto plc has a twelve month low of GBX 2,882.50 ($37.91) and a twelve month high of GBX 4,226.56 ($55.59).
In other news, insider Jean-Sébastien Jacques acquired 10 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was bought at an average cost of GBX 3,721 ($48.94) per share, for a total transaction of £372.10 ($489.41).
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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