Rio Tinto (LON:RIO)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a note issued to investors on Wednesday, January 17th. They currently have a GBX 3,850 ($53.98) price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 1.62% from the company’s current price.
A number of other research analysts also recently commented on the stock. Goldman Sachs Group set a GBX 3,000 ($42.06) target price on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Credit Suisse Group raised their target price on shares of Rio Tinto from GBX 4,000 ($56.09) to GBX 4,300 ($60.29) and gave the company an “outperform” rating in a research report on Thursday, October 26th. raised their target price on shares of Rio Tinto from GBX 3,900 ($54.68) to GBX 4,000 ($56.09) and gave the company a “buy” rating in a research report on Wednesday, October 18th. Macquarie reissued an “outperform” rating and set a GBX 4,300 ($60.29) target price on shares of Rio Tinto in a research report on Tuesday, January 16th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 4,300 ($60.29) target price on shares of Rio Tinto in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 4,138.16 ($58.02).
Rio Tinto (LON RIO) traded up GBX 31.50 ($0.44) during mid-day trading on Wednesday, reaching GBX 3,788.50 ($53.12). 5,570,000 shares of the company traded hands, compared to its average volume of 3,730,000. The stock has a market cap of $68,440.00 and a P/E ratio of 1,082.43. Rio Tinto has a 52 week low of GBX 2,882.50 ($40.42) and a 52 week high of GBX 4,226.56 ($59.26).
In related news, insider Christopher Lynch purchased 26,066 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of GBX 3,490 ($48.93) per share, with a total value of £909,703.40 ($1,275,523.56).
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Rio Tinto 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.
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