Rio Tinto (RIO) Given a GBX 4,700 Price Target by Macquarie Analysts

Macquarie set a GBX 4,700 ($63.06) target price on Rio Tinto (LON:RIO) in a report released on Thursday morning. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. UBS set a GBX 4,000 ($53.67) price objective on Rio Tinto and gave the company a buy rating in a research report on Monday, January 29th. Deutsche Bank restated a buy rating and set a GBX 4,600 ($61.72) target price on shares of Rio Tinto in a research report on Monday, January 29th. Finally, Citigroup restated a buy rating and set a GBX 4,050 ($54.34) target price on shares of Rio Tinto in a research report on Wednesday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 4,168.75 ($55.93).

Shares of Rio Tinto opened at GBX 4,239 ($56.88) on Thursday, according to MarketBeat Ratings. Rio Tinto has a 52-week low of GBX 2,882.50 ($38.68) and a 52-week high of GBX 4,226.56 ($56.71).

In related news, insider Simon Henry acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was acquired at an average cost of GBX 3,713 ($49.82) per share, with a total value of £18,565 ($24,909.43).

Rio Tinto Company Profile

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

Analyst Recommendations for Rio Tinto (LON:RIO)

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