Rio Tinto plc (LON:RIO) Rating Increased to Buy at Societe Generale

Societe Generale upgraded shares of Rio Tinto plc (LON:RIO) to a buy rating in a research report report published on Thursday, November 9th. The firm currently has GBX 4,400 ($57.87) price objective on the stock, up from their previous price objective of GBX 3,600 ($47.35).

Other equities analysts have also issued reports about the stock. reissued a buy rating and issued a GBX 3,800 ($49.98) price objective on shares of Rio Tinto plc in a research report on Thursday, July 20th. 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 research report on Wednesday, July 19th. S&P Global set a GBX 3,800 ($49.98) price target on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Tuesday, July 18th. Jefferies Group LLC set a GBX 4,000 ($52.61) price target on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Friday, July 14th. Finally, J P Morgan Chase & Co set a GBX 3,950 ($51.95) price objective on shares of Rio Tinto plc and gave the stock a buy rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 3,907.25 ($51.39).

Shares of Rio Tinto plc (LON RIO) traded up GBX 1.50 ($0.02) on Thursday, reaching GBX 3,547.50 ($46.66). 2,931,206 shares of the company traded hands, compared to its average volume of 3,870,000. Rio Tinto plc has a fifty-two week low of GBX 2,882.50 ($37.91) and a fifty-two week high of GBX 4,226.56 ($55.59).

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In other news, insider Jean-Sébastien Jacques acquired 10 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were purchased at an average cost of GBX 3,721 ($48.94) per share, with a total value 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.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

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