Goldman Sachs Group, Inc. (The) reissued their neutral rating on shares of Rio Tinto plc (LON:RIO) in a report published on Friday morning. Goldman Sachs Group, Inc. (The) currently has a GBX 2,900 ($37.87) target price on the stock.
A number of other equities analysts have also weighed in on RIO. UBS AG set a GBX 3,750 ($48.97) target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, April 20th. Macquarie restated an outperform rating and set a GBX 4,000 ($52.23) target price on shares of Rio Tinto plc in a research report on Thursday, July 6th. J P Morgan Chase & Co set a GBX 3,950 ($51.58) target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday. Royal Bank Of Canada set a GBX 4,200 ($54.84) target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG restated a buy rating and set a GBX 4,140 ($54.06) target price on shares of Rio Tinto plc in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Rio Tinto plc currently has an average rating of Buy and an average price target of GBX 3,668.24 ($47.90).
Shares of Rio Tinto plc (RIO) traded up 0.71% on Friday, reaching GBX 3472.50. 3,215,990 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 3,131.23 and its 200-day moving average is GBX 3,240.47. The stock’s market cap is GBX 62.47 billion. Rio Tinto plc has a 52-week low of GBX 2,253.50 and a 52-week high of GBX 3,718.50.
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In related news, insider Jean-Sébastien Jacques bought 12 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was bought at an average cost of GBX 3,043 ($39.74) per share, for a total transaction of £365.16 ($476.83). Also, insider Christopher Lynch sold 7,582 shares of Rio Tinto plc stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of GBX 3,108 ($40.59), for a total transaction of £235,648.56 ($307,715.54). In the last ninety days, insiders sold 7,599 shares of company stock worth $23,616,383.
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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