Rio Tinto plc (LON:RIO)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a research note issued on Thursday. They currently have a GBX 3,400 ($42.18) price objective on the stock. BNP Paribas’ price objective would indicate a potential upside of 13.71% from the stock’s current price.
Several other equities research analysts also recently issued reports on RIO. Liberum Capital reiterated a “sell” rating and set a GBX 1,590 ($19.72) price objective on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Investec reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Canaccord Genuity reissued a “buy” rating and set a GBX 2,800 ($34.74) target price on shares of Rio Tinto plc in a research report on Wednesday, August 3rd. Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($32.25) target price on shares of Rio Tinto plc in a research report on Thursday, August 4th. Finally, Macquarie reissued an “outperform” rating and set a GBX 2,900 ($35.98) target price on shares of Rio Tinto plc in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,937.56 ($36.44).
Rio Tinto plc (LON:RIO) opened at 2952.50 on Thursday. Rio Tinto plc has a 12 month low of GBX 1,557.00 and a 12 month high of GBX 3,217.00. The firm’s 50-day moving average is GBX 2,857.61 and its 200 day moving average is GBX 2,428.37. The stock’s market capitalization is GBX 53.11 billion.
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In other news, insider Jean-Sébastien Jacques acquired 14 shares of Rio Tinto plc stock in a transaction on Monday, October 17th. The stock was bought at an average cost of GBX 2,612 ($32.40) per share, with a total value of £365.68 ($453.64).
About Rio Tinto plc
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.
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